Why Corning Stock Is Falling After an Initial Surge Today

Corning (NYSE: GLW) stock is losing ground Wednesday despite an initial bullish surge early in the day's trading. The company's share price was down 2.4% as of 3:45 p.m. ET, but it had been up as much as 8% earlier in the session.Corning stock jumped early thanks to better-than-expected fourth-quarter results and forward guidance, but it lost ground in response to a pair of bearish catalysts. Despite the strong start, uncertainty surrounding the new DeepSeek R1 artificial intelligence (AI) model and the Federal Reserve's latest interest rate move and commentary prompted a pullback.Corning published its Q4 results before the market opened this morning, delivering sales and earnings for the period that came in ahead of Wall Street's targets. The business posted non-GAAP (adjusted) earnings per share of $0.57 on revenue of $3.87 billion in the period, topping the average analyst estimate's call for per-share earnings of $0.56 on sales of $3.77 billion. Revenue in the period was up roughly 18% year over year, and adjusted earnings soared 46% compared to the prior-year period. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool