Apple supplier Corning beats profit estimates

Apple supplier Corning beat profit estimates for the first quarter on Tuesday as the specialty glassmaker’s price hikes more than made up for higher raw material costs and a demand decline.
The glass for every generation of iPhone has been made at Corning’s plant in Harrodsburg, Kentucky.
Shares of the company, whose Gorilla glass is used in Apple’s revolutionary iPhones, rose 2% in premarket trading.
Reuters:Price increases meant that “profitability improved despite sequ