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Corning forecasts weak quarterly profit on lower demand for optical fiber cables. January 30, 2024 at 9:18 AM ... Corning reported core sales of $3.27 billion in the fourth quarter, slightly above ...
Shares of the company were up 5.7% in morning trading. A shift in data consumption patterns, including cloud computing and the proliferation of video content, has led to an increasing need for ...
Investing.com - Corning reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
With a $38.2 billion market cap but only $437 million earned over the last 12 months, Corning stock sells for 87 times trailing earnings. Even at 15% growth, that's a high price to pay.
"Labor issues in the automotive industry could impact our automotive business more in the fourth quarter than it did in the third quarter," CFO Edward Schlesinger said in an earnings call. Corning ...
Q2 earnings were fine, but guidance took investors' focus today.
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