TECH - Corning's Outlook Signals Sales Challenges In Q1 But CEO Foresees $3B Revenue Growth In Medium Term | Benzinga
Corning Inc (NYSE:GLW) reported a fourth-quarter FY23 core sales decline of 10% year-on-year to $3.27 billion, beating the consensus of $3.25 billion. Core EPS of $0.39 was in line with the consensus.
Display Technologies sales grew by 11% Y/Y to $869 million. The sales declined 11% Q/Q due to a sequential volume decline.
Optical Communications sales declined by 24% Y/Y to $903 million. The sales decreased by 2% Q/Q due to temporarily lower demand from carrier ...