Red-hot Corning shares slide on earnings. Why that's a gift to investors

CNBC Top News ·

Red-hot Corning shares slide on earnings. Why that's a gift to investors

Corning shares pulled back Tuesday despite the glassmaker reporting better-than-expected earnings and announcing two new long-term supply agreements to support AI infrastructure initiatives. …

Corning shares pulled back Tuesday despite the glassmaker reporting better-than-expected earnings and announcing two new long-term supply agreements to support AI infrastructure initiatives. The stock's massive advance this year set a high bar for these results, but the long-term story is still intact. Core revenue in the three months ended March 31 rose 18% year over year to $4.35 billion, topping the consensus estimate of $4.26 billion, according to LSEG. …

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