GLW Stock

Trending in the US since Oct 27, 7:50 AM EDT · about 500+ searches · covered by 3 news outlets

The background

NEW YORK, Oct. 27 — Corning is a glass and electronic components maker listed on the New York Stock Exchange under the ticker GLW. In its previous quarter, the company posted revenue of $4.74 billion, which was up 17.1 percent from a year earlier. Its profit guidance for the next quarter came in above what analysts had forecast, while its revenue guidance fell short.

Analysts expect third-quarter revenue to rise about 18.1 percent from a year ago. The company's shares were trading at $123.29 at the time of the preview, down 18.7 percent over the prior month. Analysts' average price target stood at $187.41. Two headlines from other financial outlets suggested a profit surge tied to demand for AI and a possible lift for optical networking stocks; the details behind those headlines are not available.

What happens next

Corning is scheduled to report its third-quarter earnings on Tuesday before the opening bell.

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Key facts

• Corning (NYSE: GLW) reports third-quarter earnings before the market opens on Tuesday.
• Last quarter revenue reached $4.74 billion, up 17.1 percent year over year.
• Analysts expect revenue growth of 18.1 percent for the coming quarter.
• Shares were priced at $123.29, down 18.7 percent over the past month.
• Headlines from other outlets tie the results to AI demand and optical networking.

What we don't know yet

The actual third-quarter results were not in the sources, so it is unknown whether the company met or beat expectations.

Our summary of reporting by Yahoo Finance, WSJ, Barron's. Written with AI assistance and checked against the sources; read the full stories at the links below. Updated Oct 27, 8:06 AM EDT.