Corning is a global leader in materials science, specializing in the development and manufacturing of innovative glass and ceramics products. The company is renowned for its advanced display technologies, which are used in televisions and monitors, as well as its breakthrough optical communications solutions that empower high-speed data transmission. Additionally, Corning provides specialized glass for medical applications and is involved in the production of materials for various industrial and environmental needs. With a strong emphasis on research and development, Corning continues to push the boundaries of technology to enhance everyday life through its diverse range of products. Read More
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Shares of glass and electronic component manufacturer Corning (NYSE:GLW) jumped 12.7% in the afternoon session after the company reported stellar second-quarter financial results that surpassed analyst expectations, driven by surging demand for its AI-related products. The materials science company announced that core sales grew 12% year-over-year to $4.05 billion, while core earnings per share (EPS) jumped 28% to $0.60, beating analyst estimates. This performance was largely attributed to the Optical Communications division, where enterprise sales soared by an impressive 81% year-over-year, propelled by strong demand for products used in Generative AI. Bolstering investor confidence, the company also issued an optimistic forecast for the third quarter, projecting core sales of around $4.2 billion and signaling that management expected the positive momentum to persist.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Tuesday as we examine the latest happenings in today's session.
Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of earnings and macro events.
Stay informed about the performance of the S&P500 index in the middle of the day on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
Glass and electronic component manufacturer Corning (NYSE:GLW) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 18.8% year on year to $3.86 billion. The company expects next quarter’s revenue to be around $4.2 billion, coming in 4.2% above analysts’ estimates. Its non-GAAP profit of $0.60 per share was 5.1% above analysts’ consensus estimates.
Before the opening bell on Tuesday, let's take a glimpse of the US markets and explore the S&P500 top gainers and losers in today's pre-market session.
Corning Inc. (GLW) surpasses Q2 2025 estimates with strong revenue and EPS growth, driven by Optical Communications and Specialty Materials. Shares rise 5.4% premarket.
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Shares of materials and photonics company Coherent (NYSE:COHR) jumped 3.1% in the morning session after the company inaugurated a new $127 million high-tech manufacturing plant in Vietnam. The U.S.-based semiconductor materials and components firm opened its new facility in the Nhon Trach Industrial Park in Dong Nai province. This move marked a significant step in Coherent's global growth strategy and demonstrated increasing confidence in Vietnam's investment potential. The expansion underscored the company's efforts to scale its operations and meet growing demand. Adding to the positive sentiment, analysts noted strong earnings expectations for the company's upcoming report.
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