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via finance.yahoo.comMarkets

Corning shares rise 3% premarket after Q3 EPS and revenue beat estimates

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Corning shares rose 3.2% in premarket trading on Tuesday after the glassmaker forecast fourth-quarter profit above Wall Street estimates, as demand for its optical connectivity products for AI data centers surged. Still guessing which stocks will beat the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishFourth-quarter guidance above consensus, supported by demand for optical connectivity for AI data centers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Corning expects fourth-quarter core EPS of $0.96 to $1, versus a consensus of $0.93.
  2. 02It forecast fourth-quarter revenue of $5.2 to $5.3 billion.
  3. 03Optical Communications sales rose 44% in the third quarter.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Corning IncGLWStock127.80 USDMarket closedtoday +3.32%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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