Corning (GLW) Tops Q2 EPS by 1c, Offers Guidance

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Go back to Corning (GLW) Tops Q2 EPS by 1c, Offers Guidance

Corning Reports Strong Second-Quarter 2024 Financial Results, Exceeding April Guidance and Marking Return to Year-over-Year Sales Growth

July 30, 2024 7:10 AM EDT

Outperformance was driven primarily by the strong adoption of new optical connectivity products for generative AI

Management expects core sales to grow to ~$3.7 billion in the third quarter, with core EPS growing faster than sales and in the range of $0.50 to $0.54

Corning and Lumen Technologies reach an agreement to reserve 10% of Cornings global fiber capacity for each of the next two years to interconnect AI-enabled data centers

Results and outlook reinforce managements confidence in its... More