Corning Inc. reported second-quarter 2025 core earnings of $0.60 a share, beating the $0.57 consensus estimate and rising 28% from a year earlier. Core sales grew 12% to $4.05 billion, also ahead of the $3.86 billion expected by analysts. The glass-maker projected third-quarter core earnings of $0.63 to $0.67 a share and revenue of roughly $4.20 billion, both above Wall Street forecasts. Management said the companyโs "Springboard" program, which targets an additional $4 billion in annual sales by 2026, is accelerating demand across its display technologies and optical communications divisions. Investors welcomed the stronger results and outlook, sending the shares up more than 10% at one point in Tuesday trading. The stock was recently up about 5% at $58.25. Brokerages lifted their price targets following the report, with Susquehanna moving to $75 from $60, Oppenheimer to $72 from $65, Argus maintaining $68, Barclays raising to $65 from $52 and Morgan Stanley to $56 from $50. Analysts cited improving profitability and confidence in Corningโs ability to meet its growth objectives.
$RRR -Susquehanna raises Red Rock Resorts target to $68 from $65 Positive -Barclays raises target to $65 from $62 Overweight -Citizens JMP raises target to $64 from $57 Market Outperform -Stifel raises target to $60 from $44 Hold -
$RCL -Stifel raises Roya Caribbean tarjeteo $420 from $400 Buy -Citi raises target to $399 from $390 Buy -Susquehanna raises target to $385 from $275 Positive -JPM raises target to $367 from $302 Overweight -Truist maintains Hold rating $337 target -
$QRVO -Bernstein raises Qorvo target to $125 from $95 Buy -Piper Sandler raise target to $125 from $110 Overweight -Needham raises targetbto $104 from $90 Buy -UBS raises target to $100 from $95 Neutral -Susquehanna raises target to $95 from $90 Neutral -Cowen raises target