GLW shares tumbled weighing on the Optical sector (CIEN, AAOI, COHR, LITE) after Q2 core sales rose 17%, beating analyst expectations Ad cor
GLW shares tumbled weighing on the Optical sector (CIEN, AAOI, COHR, LITE) after Q2 core sales rose 17%, beating analyst expectations Ad core EPS for Q2 increased 30%, also beating analyst expectations but sales in its Optical segment rose 32% to $2.07B, down from 36% growth q/q and below the 81% jump Y/y; guides Q3 core sales and EPS to grow double digits Y/y which disappoints; shares -16% premarket- more
GLW shares tumbled weighing on the Optical sector (CIEN, AAOI, COHR, LITE) after Q2 core sales rose 17%, beating analyst expectations Ad core EPS for Q2 increased 30%, also beating analyst expectations but sales in its Optical segment rose 32% to $2.07B, down from 36% growth q/q and below the 81% jump Y/y; guides Q3 core sales and EPS to grow double digits Y/y which disappoints; shares -16% premarket- more