Corning Inc.'s stock soared 5.39% in pre-market trading on Wednesday, outperforming the broader market. This surge came after the company reported better-than-expected fourth-quarter earnings and revenue results.
According to the earnings report, Corning posted core earnings per share (EPS) of $0.57, surpassing the consensus estimate of $0.56. Additionally, the company's core revenue reached $3.874 billion, exceeding analysts' expectations of $3.763 billion.
The company's strong performance in the fourth quarter, coupled with its optimistic outlook for the first quarter of 2025, fueled investor confidence and drove the stock's pre-market rally. Corning provided guidance for Q1 2025, projecting core EPS between $0.48 and $0.52, and core revenue of $3.6 billion.
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