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28.10.25 - 13:36
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Corning Q3 Core Profit Rises; Core Sales Up 14% (AFX)
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WASHINGTON (dpa-AFX) - Corning (GLW) reported third quarter net income attributable to company of $430 million compared to a loss of $117 million, last year. Profit per common share was $0.50 comp......
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28.10.25 - 12:06
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Corning Announces Third-Quarter 2025 Financial Results(1) with Record Core Sales and Core EPS (Business Wire)
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In Q3, core sales grew 14% year over year, while core EPS grew 24%, and core operating margin expanded 130 basis points
Optical Communications' Enterprise sales grew 58% year over year in the third quarter, driven by the continued strong adoption of Corning's new Gen AI products
Company expects continued strong performance on its Springboard plan and now expects to reach its Springboard operating margin target of 20% in Q4 2025, a full year ahead of plan
Management expects Q4 core sales of approximately $4.35 billion and core EPS again growing faster than sales to a range of $0.68 to $0.72
Apple's $2.5 billion commitment to make 100% of global iPhone and Apple Watch cover glass in Corning's Kentucky facility adds to Springboard growth opportunity through 2026 and beyond
(1) Third-quarter GAAP results: Sales were $4.10 billion, EPS was $0.50, operating margin was 14.4%, and GAAP operating cash flow was $784 million. Third-quarter core results: Sales were $4.27 billion, EPS was $0.67, operating margin w...
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