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Corning reported third-quarter revenue of $5.08B, a 19% increase year over year, with adjusted earnings per share of $0.91 exceeding estimates. The Optical Communications segment saw revenue rise 44% to $2.4B as Gen AI sales doubled, and the company secured four multibillion-dollar long-term contracts including deals with AT&T and Verizon. Corning projects Q4 revenue between $5.2B and $5.3B and adjusted earnings per share between $0.96 and $1.00.
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Key sources
- SOURCE@wallstengine“Secured four long-term, multibillion-dollar customer agreements, including with Verizon and AT&T”x.com
- SUPPORT@stockmktnewz“GLW stock is initially up by 3% in pre-market following its earnings”x.com
- SOURCEhuggingnewshuggingnews.com