
Corning Inc. reported strong financial results for the fourth quarter of 2024, with adjusted earnings per share (EPS) of $0.57, surpassing the estimated $0.56, marking a 46% year-over-year increase. The company achieved revenues of $3.87 billion, exceeding expectations of $3.75 billion and reflecting an 18% increase from the previous year. Corning's core operating margin improved to 18.5%, up 220 basis points year-over-year. Looking ahead, Corning anticipates core sales of approximately $3.6 billion for the first quarter of 2025, above the estimated $3.54 billion, and expects core EPS to range between $0.48 and $0.52, in line with estimates. The positive results are attributed to the successful implementation of the company's 'Springboard' plan.

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