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Asia

Glass-maker Corning shares plunge 20% on lower sales forecast

Markets-Economic Times · 1h ago · 🇮🇳 India

Glass-maker Corning shares plunge 20% on lower sales forecast

Corning's stock dropped significantly after reporting slower fiber optics growth. The company forecast lower third-quarter sales, disappointing market experts. This decline erased billions in the company's market value. Investors noted a slowdown in the vital optical communications segment. The stock's rapid surge over the past year led to a pullback.

Read the full story at Markets-Economic Times →

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