After sales increased 16% in Q3, Corning issues a Q4 optical downturn warning
Corning’s overall revenue fell 4% year on year to $3.5 billion as the boost from Optical failed to offset declines in its Display and Specialty Materials units. The majority of Corning‘s third-quarter revenues came from its Optical Communications division, whose unit revenue increased 16% year over year to $1.3 billion. However, according to CEO Wendell […]