BUZZ-Corning rises on upbeat Q1 revenue and profit forecast

Shares of specialty glass maker Corning GLW.N rise 5.9% to $54.27 premarket

GLW sees Q1 rev of $3.60 bln, compared with ests of $3.53 bln - LSEG data

Co expects Q1 adj EPS between 48 cents and 52 cents, with mid-point above analysts' ests of 48 cents

GLW results benefit from higher demand for its optical fiber which has been boosted by increased adoption of AI technologies by consumers and enterprises

Co posts Q4 rev of $3.87 bln, compared with ests of $3.76 bln

10 of 16 brokerages rate the stock "buy" and 6 "hold"; their median PT is $54 - LSEG

In 2024, GLW stock rose 56.1%