The Zhitong Finance App learned that on Tuesday, Corning (GLW.US) opened low and went low. As of press release, it had fallen by nearly 20%, with a decline of more than 54% since July. According to the news, Corning announced second-quarter results: core sales of US$4.74 billion, up 17% year over year, exceeding expectations by about 2.3%. However, the company's Q3 guidance was far from good enough. The core sales guide was US$4.9-50 billion, and the upper limit was only in line with expectations. The guidance implied a sharp drop in the month-on-month growth rate from 9% to 3-6%. The focus of market disappointment was mainly on performance guidance. According to data, analysts had expected Corning's third-quarter sales of US$4.99 billion and earnings of $0.85 per share.

The Zhitong Finance App learned that on Tuesday, Corning (GLW.US) opened low and went low. As of press release, it had fallen by nearly 20%, with a decline of more than 54% since July. According to the news, Corning announced second-quarter results: core sales of US$4.74 billion, up 17% year over year, exceeding expectations by about 2.3%. However, the company's Q3 guidance was far from good enough. The core sales guide was US$4.9-50 billion, and the upper limit was only in line with expectations. The guidance implied a sharp drop in the month-on-month growth rate from 9% to 3-6%. The focus of market disappointment was mainly on performance guidance. According to data, analysts had expected Corning's third-quarter sales of US$4.99 billion and earnings of $0.85 per share.