Corning increases Q2 sales forecast to $3.6bn due to rising demand for optical connectivity in generative AI.
Corning, a specialty glass maker, increased its Q2 sales forecast to $3.6bn from $3.4bn due to rising demand for its optical connectivity products in generative AI applications. The company anticipates EPS to be at the high end of its previous $0.42-$0.46 range. Corning expects to grow annualized sales by over $3bn in the next three years, driven by cyclical factors and secular trends.
July 08, 2024
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