TECH - Apple's Glass Supplier Corning Outperforms in Tough Market Eyes $3B Sales Boost in Three Years | Benzinga
Corning Inc (NYSE:GLW) reported a fiscal first-quarter 2024 core sales decline of 3% year-on-year to $3.26 billion, beating the consensus of $3.12 billion.
The Apple Inc (NASDAQ:AAPL) glass supplier’s core EPS of $0.38 beat the consensus of $0.35.
Display Technologies’ sales grew by 14% year over year to $872 million, driven by higher volume and pricing actions in the second half of 2023. However, sales remained flattish quarter over quarter.
Optical Communications sales declined 17% year over year to $930 million, reflecting temporarily lower carrier demand as customers continued to draw down inventory.
Sales increased by 3% quarter over quarter, driven by growing sales in carriers and enterprises.
Specialty Materials sales increased by 12% year over year to $454 million, driven by continued ...