Corning Reports Strong Optical Revenue Growth but Faces Profit Challenges
Corning (GLW) reported a 36% increase in Optical Communications revenue to $1.846 billion and a 93% rise in net income, but its Solar segment saw a 74% drop in net income despite an 80% sales increase. The stock fell 1% after earnings, reflecting market concerns over profitability and future capital expenditures.
Tickers: $GLW
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