For Corning, Weakness in Optical Communications Overshadows the Positives
Corning (NYSE: GLW) announced second-quarter 2019 results on Tuesday morning. With shares down around 7.5% as of 3 p.m. today, it's obvious the market isn't pleased.
The company pointed to continued challenges for its large optical communications business, and followed by once again tamping down expectations for its full-year growth. Let's look at what Corning accomplished to end the first half, and what investors should watch for the rest of 2019.
Corning optical fiber. Image source: Corning.
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