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Glass-maker Corning shares plunge 20% on lower sales forecast
Corning's stock dropped significantly after reporting slower fiber optics growth. The company forecast lower third-quarter sales, disappointing market experts. This decline erased billions in the company's market value. Investors noted a slowdown in the vital optical communications segment. The stock's rapid surge over the past year led to a pullback.
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benzinga.com
Why Is Corning Stock Sinking Tuesday? - Corning (NYSE:GLW)
Corning beats Q2 estimates with 32% optical growth and NVDA/AMZN AI deals, but shares drop ~20% on in-line Q3 guidance.
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economictimes.indiatimes.com
Glass-maker Corning shares plunge 20% on lower sales forecast
Corning's stock dropped significantly after reporting slower fiber optics growth. The company forecast lower third-quarter sales, disappointing market experts. This decline erased…
