Corning Guides Q3 Above View As Q2 Results Top Estimates
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Corning, Inc. (GLW) reported strong Q2 results, with net income of $469 million ($0.54 per share), up from $104 million ($0.12 per share) a year ago. The company expects Q3 core sales of $4.2 billion and earnings between $0.63 and $0.67 per share, exceeding analyst expectations of $0.62 per share on $4.0 billion sales. The guidance considers tariff impacts and increased costs due to demand for new products. Q2 net sales rose 19% to $3.86 billion, with core sales up 12%.
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