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  • Today

      Show headlines and story abstract
    • 2 hours ago by Dow Jones
      Companies Mentioned: GLW

      By Don Nico Forbes

      Corning said it expects core second-quarter sales to exceed its previous guidance after a strong adoption of its new optical connectivity products for Generative AI.
    • 2 hours ago by Dow Jones
      Companies Mentioned: GLW

      Emily Dattilo

      Shares of Corning were rising after the specialty glassmaker lifted guidance ahead of its earnings report later this month.

      "The company now expects core sales of approximately $3.6 billion, compared with previous guidance of approximately $3.4 billion, with core EPS at the high end of or slightly above management's guided range of $0.42 to $0.46," the company said in a press release.
    • 2 hours ago by Dow Jones
      Companies Mentioned: GLW

      Corning Inc.'s stock (GLW) rose7% early Monday, after the specialty glass maker raised its second-quarter sales and profit guidance after a strong performance for its new optical connectivity products for Generative AI. The Corning, N.Y.-based company is now expecting sales of about $3.6 billion for the quarter, up from prior guidance of $3.4 billion. It expects core per-share earnings at the high end of, or slightly above, its guidance of 42 cents to 46 cents. "These results reinforce our confidence in 'Springboard' - Corning's plan to add more than $3 billion in annualized sales in the next three years as cyclical factors and secular trends combine," Chief Executive Wendell Weeks said in prepared remarks. The stock has gained 26% in the year to date, outperforming the S&P 500's 16.7% gain.
    • 2 hours ago by Business Wire
      Companies Mentioned: GLW

      --Outperformance primarily driven by strong adoption of new optical connectivity products for Generative AI

      --'Springboard' framework is expected to add more than $3 billion in annualized sales and strong incremental profit in the next three years, as cyclical factors and secular trends combine

    • 2 hours ago by Dow Jones
      Companies Mentioned: GLW

      In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated ("Corning") wishes to notify investors, media, and other interested parties that it uses its website (https://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning's media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company's SEC filings, press releases, conference calls, and webcasts.

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