Corning tumbles 12% after earnings, leading rout in optical stocks

Corning experienced a significant stock decline on Tuesday following the release of its second-quarter financial results. Although the company exceeded Wall Street’s expectations for both earnings per share and revenue, investors reacted negatively to the company’s forward-looking guidance.
The company reported earnings per share of 78 cents, surpassing analyst estimates of 76 cents, and generated revenue of $4.74 billion, ahead of Street expectations of $4.61 billion. However, Corn