Shares of fiber optics and "Gorilla glass" manufacturer Corning Incorporated (NYSE: GLW) surged after the company released Q1 earnings this week, rising as much as 5% over their pre-earnings share price -- and for good reason.
Corning crushed analyst predictions of $0.50 per share in "core" earnings, reporting a $0.54 profit instead. Sales similarly trumped expectations at $3.7 billion, where Wall Street had expected only $3.55 billion.
But not all the news was so good.
For further details see:
Sales and Earnings Surge at Corning, But Where'd All the Cash Go?