Corning forecasted first-quarter revenue and profit above Wall Street expectations, driven by strong demand for its optical fiber products for AI-related infrastructure, boosted by the $500-billion Stargate project announced by U.S. President Donald Trump. The company expects revenue of $3.60 billion and an adjusted profit of 48-52 cents per share for the quarter, with its optical communications segment reporting $1.37 billion in revenues for the quarter ended Dec. 31, exceeding analysts’ estimates. Shares of Corning rose 5.6% in premarket trading as a result of the positive forecast and strong performance in key segments.
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