Corning shares fall on lower second quarter revenue outlook
Corning forecast second-quarter revenue below estimates as weak electronics demand persists. Data center growth failed to offset the slump in glass sales.
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CORNING INC forecast second-quarter core sales of $4.6 billion, missing the $4.63 billion average estimate from LSEG. Shares fell 10% in premarket trading Tuesday as sluggish smartphone demand offset growth in AI-related data center infrastructure. Investors are assessing if high-capacity fiber demand can bridge the gap left by a stalling consumer electronics recovery.
