Corning Third-Quarter Net Income Surges 58% on AI Demand
Corning said strong demand for fiber-optic materials tied to AI drove the increase. The company sees fourth-quarter core EPS growth.
By Rob CurranCorning's third-quarter net income rose 58% amid torrid demand for fiber-optic materials from the artificial-intelligence buildout, a boom the company expects to lift adjusted earnings in the fourth quarter.The maker of specialty glass, ceramics, and optical fiber posted net income of…