Corning Upgrades Guidance on Solid Customer Growth: Stock to Gain?

Corning Incorporated (GLW) recently announced that it expects to add more than $4 billion in annualized sales with a 20$3 billion. The company upgraded its sales CAGR for the Enterprise business of Optical Communications to 30% for the 2023-2027 period from the prior estimation of 25%. It also raised its guidance for the first quarter of 2025. Revenues are now expected to exceed the prior estimation of $3.6 billion and earnings per share are expecte ...