CORNING, N.Y. (AP) _ Corning Inc. (GLW) on Tuesday reported third-quarter net income of $427 million.

On a per-share basis, the Corning, New York-based company said it had net income of 48 cents. Earnings, adjusted for non-recurring gains, came to 43 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The specialty glass maker posted revenue of $3 billion in the period. Its adjusted revenue was $3.01 billion.

Corning shares have increased 18% since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5%. The stock has climbed 15% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLW at https://www.zacks.com/ap/GLW

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