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Corning (NYSE:GLW) Misses Q3 Sales Targets, But Stock Soars 7.1%
Glass and electronic component manufacturer Corning (NYSE:GLW) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 2% year on year to $3.39 billion. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $3.75 billion at the midpoint, or 2.7% above analysts’ estimates. Its non-GAAP profit of $0.54 per share was 3.1% above analysts’ consensus estimates.
IPG Photonics’s (NASDAQ:IPGP) Q3 Sales Top Estimates But Quarterly Guidance Underwhelms
Fiber laser manufacturer IPG Photonics (NASDAQ:IPGP) reported Q3 CY2024 results topping the market’s revenue expectations, but sales fell 22.6% year on year to $233.1 million. The company expects next quarter’s revenue to be around $225 million, close to analysts’ estimates. Its non-GAAP EPS of $0.29 per share was above analysts’ consensus estimates.
Standex (NYSE:SXI) Misses Q3 Sales Targets
Industrial manufacturer Standex (NYSE:SXI) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 7.7% year on year to $170.5 million. Its GAAP profit of $1.53 per share was also 5.4% below analysts’ consensus estimates.