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Corning

Corning Q3 earnings rise on strong AI optical demand

Corning reported Q3 core EPS of $0.91, up 36 percent, driven by a 44 percent jump in optical communications revenue. The company secured multibillion-dollar contracts with Verizon and AT&T, supporting its long-term growth targets.

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The stocks in this story

  1. GLW-3.5%Corning$123.21
  2. VZ+0.2%Verizon$43.20
  3. T0.0%AT&T$20.84

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Verizon Earnings

Verizon raises full-year outlook despite revenue miss

Verizon posted Q3 revenue of $34.30 billion, below estimates, but adjusted earnings per share of $1.31 beat expectations. The company increased its full-year guidance for subscriber growth and free cash flow.

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AI Debt

Private equity adds AI disruption clauses to buyout loans

H.I.G. Capital included a provision in a $524 million loan for Terras Group that suspends default consequences if AI harms the business. Lenders rejected similar language in Bain Capital's $5.3 billion financing for Everllence.

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