Corning Inc. Reports Strong Q3 Performance Driven by Generative AI Products
Corning Inc. recently released its Q3 earnings report. The report shows that Corning performed exceptionally well in Q3 2024, primarily driven by increased market demand for optical fiber connectivity products, which are particularly suitable for generative AI applications. In the earnings report, Corning's core sales reached $3.73 billion, an 8% increase compared to last year. Meanwhile, the company’s earnings per share (EPS) rose by 20% to $0.54. This growth is a result of their commitment to innovation and technology.
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