Reported about 14 hours ago
Corning reported higher-than-expected sales forecasts for the fourth quarter but fell short in revenue from its optical fiber division due to decreased market demand and a recent tariff on imports. As a result, shares dropped over 7% in premarket trading, although the stock remains up 88% this year. The company's overall core sales increased by 14%, and it anticipates continued growth despite ongoing challenges in U.S.–China trade relations.
Source: YAHOO