Cornering declines over 20% amid weak sales outlook
Corning announced that its third-quarter sales will remain below Wall Street expectations due to a slowdown in the growth of its core optical fiber segment, leading to a more than 20% drop in its shares and a loss of over $23.2 billion in market value if the situation continues. The optical fiber sector had helped offset the decline in the Gorilla Glass segment caused by weak electronics markets, with the company's shares increasing by 64% this year after a gain of 84.2% in 2025.
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