08.07.2024 14:20:33 - dpa-AFX: Corning Sees Q2 Core EPS At High End Of Or Slightly Above Prior Guidance Range
WASHINGTON (dpa-AFX) - Corning (GLW) said it expects second-quarter core EPS
at the high end of or slightly above management's guided range of $0.42 to
$0.46. The company now expects core sales of approximately $3.6 billion,
compared with previous guidance of approximately $3.4 billion.
Wendell Weeks, CEO, said, 'The outperformance was primarily driven by the strong
adoption of our new optical connectivity products for Generative AI. 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.'
Corning will report second-quarter 2024 results on July 30, 2024.
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