Corning Incorporated announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net sales of $2,637 million against $2,476 million a year ago. Operating income was $372 million against $432 million a year ago. Income before income taxes was $566 million against $2,404 million a year ago. Net loss attributable to the company was $1,412 million against profit of $1,572 million a year ago. Diluted loss per common share attributable to the company was $1.66 against earnings per share of $1.47 a year ago. Net cash provided by operating activities was $888 million against $1,428 million a year ago. Capital expenditures were $557 million against $315 million a year ago. Diluted core earnings available to common stockholders were $485 million against $534 million a year ago. Core diluted earnings per common share were $0.49 against $0.50 a year ago. Adjusted cash flows from operating activities were $1,035 million compared to $1,346 million a year ago. On the non-GAAP basis, net sales were $2,739 million against $2,551 million a year ago. Income before income taxes was $569 million against $642 million a year ago. Net income was $485 million or $0.49 per share against $534 or $0.50 per share a year ago.

For the year, the company reported net sales of $10,116 million against $9,390 million a year ago. Operating income was $1,630 million against $1,391 million a year ago. Income before income taxes was $1,657 million against $3,692 million a year ago. Net loss attributable to the company was $497 million against profit of $3,695 million a year ago. Diluted loss common share attributable to the company was $0.66 against earnings per share of $3.23 a year ago. Net cash provided by operating activities was $2,004 million against $2,537 million a year ago. Capital expenditures were $1,804 million against $1,130 million a year ago. Diluted core earnings available to common stockholders were $1,756 million against $1,774 million a year ago. Core diluted earnings per common share were $1.72 against $1.55 a year ago. Adjusted cash flows from operating activities were $2,620 million compared to $2,797 million a year ago. On the non-GAAP basis, net sales were $10,514 million against $9,710 million a year ago. Income before income taxes was $2,125 million against $2,096 million a year ago. Net income was $1,756 million or $1.72 per share against $1,774 or $1.55 per share a year ago.

For full-year 2018, the company expected to include sales of approximately $11 billion, continued innovation and growth investments, and further improvement in LCD pricing to mid-single digit percentage declines.