Corning results hit by weakness in optical fiber unit, shares fall
Update: 2025-10-28
Description
Corning, the maker of Gorilla Glass, reported higher-than-expected earnings and sales for the fourth quarter, with a forecast of $4.35 billion and earnings per share between $0.68 and $0.72. However, the company's fiber optic division fell short of analyst expectations, leading to a stock drop. The slow demand from China and new tariffs on optical fiber products have strained trade relations and affected sales. Despite these challenges, Corning's relationship with Apple remains strong, with Apple committing to use only Corning's glass for iPhone and Apple Watch covers. Corning aims to finish the year on a high note, despite ongoing international trade tensions and slow network investment abroad.
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