Core Business Overview - Corning Incorporated (GLW) is a leading innovator in glass and ceramics, operating in five core business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences [1] - The company develops products for various markets including electronics, telecom networks, automotive filtration, advanced optics, and biomedical research, leveraging its expertise in materials science and manufacturing [2] Market Performance - Corning's stock has shown strong performance, gaining 81.2% over the past 52 weeks and 86.2% over the past six months [3] - Following the Q3 earnings release on October 28, Corning's shares reached a 52-week high of $92.57 on October 31, but have since declined about 8% from that level [3] - The stock has outperformed the S&P 500 Index, which gained 18.5% over the past 52 weeks and 19.1% over the past six months [4] - In the tech sector, Corning has also outperformed the Technology Select Sector SPDR Fund (XLK), which is up 31.4% over the past 52 weeks and 35.7% over the past six months [4] Financial Performance - For Q3 of fiscal 2025, Corning reported net sales of $4.10 billion, a 21% year-over-year increase, aligning with Wall Street analysts' estimates [5] - Core sales increased by 14% year-over-year to $4.27 billion, with core EPS growth of 24% year-over-year to $0.67, slightly exceeding the analyst estimate of $0.66 [5] - Corning's "Springboard" growth plan has added $4 billion to its annualized sales run rate, with expectations to reach an operating margin target of 20% a year ahead of schedule [6] - For Q4, Corning expects core sales of about $4.35 billion and core EPS in the range of $0.68 to $0.72 [6]