FX.co ★ Corning Sees Q2 Core EPS At High End Of Or Slightly Above Prior Guidance Range

Corning (GLW) has announced that it anticipates its second-quarter core earnings per share (EPS) to be at the upper end of, or slightly exceed, the management's guidance range of $0.42 to $0.46. Additionally, the company now projects core sales to reach approximately $3.6 billion, up from the previous forecast of around $3.4 billion.

According to CEO Wendell Weeks, "The outperformance was primarily driven by the strong adoption of our new optical connectivity products for Generative AI. These results bolster our confidence in 'Springboard'—Corning's strategy to increase annualized sales by more than $3 billion over the next three years, as both cyclical factors and secular trends align."

Corning is set to release its second-quarter 2024 results on July 30, 2024.