FILE PHOTO: A screen displays the logo for Corning Inc. at the New York Stock Exchange in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid/File PhotoAfter a period of sluggish spending by wireless carriers on its fiber optic cables, Corning is seeing a recovery as telecom clients upgrade their infrastructure along with more uses for the company's products in data centers, which power artificial intelligence applications.
"We are executing our plans to add more than $3 billion in annualized sales within the next three years," Weeks said. The company, which makes Gorilla Glass used in smartphones by companies such as Samsung and Apple, reported first-quarter total core sales of $3.26 billion, beating estimates of $3.12 billion.
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