Corning Reports Strong Earnings but Shares Fall Amid Investor Profit-Taking
Corning reported better-than-expected earnings and announced two new long-term supply agreements for AI infrastructure, but shares fell over 7% as investors took profits after a strong year. Core revenue rose 18% to $4.35 billion, and adjusted EPS increased 30% to 70 cents, both exceeding estimates.
Topics: AI Infrastructure Earnings Stock Performance Supply Agreements