Jan 29 (Reuters) - Corning on Wednesday

forecasted first-quarter revenue and profit that beat Wall

Street expectations, with the Gorilla Glass-maker expecting

robust demand for its optical fiber products for artificial

intelligence-related infrastructure.

Shares of the New York-based company were up 5.6% in

premarket trading.

Demand for optical fiber, which is used to transfer data at

high speeds, has been boosted by increased adoption of AI

technologies by consumers and enterprises.

The $500-billion Stargate project announced by U.S.

President Donald Trump is also expected to benefit Corning as

its some of its products are expected to be deployed to connect

different systems, servers and network equipment.

The company manufactures carrier network and enterprise

network components for the telecommunications industry, as well

as glass substrates for flat panel displays, which includes

liquid crystal displays.

Corning said it expects first-quarter revenue to be $3.60

billion, compared with analysts' expectations of $3.53 billion,

data compiled by LSEG showed.

On an adjusted basis, it expects first-quarter profit to be

between 48 cents and 52 cents per share, with the mid-point

above the average of analysts' estimates of 48 cents.

For the quarter ended Dec. 31, it reported revenues of $3.87

billion, beating analysts' estimate of $3.76 billion, according

to data compiled by LSEG.

On a per share basis, Corning reported an adjusted profit of

57 cents for the quarter, while analysts had expected a profit

of 56 cents per share.

Its optical communications segment - the largest by revenue

- reported $1.37 billion in revenues for the quarter ended Dec.

31. This exceeded the analysts' estimate of $1.29 billion.

The display technologies segment posted revenues of $971

million for the quarter ended Dec. 31, with analysts expecting

$976.7 million, according to data compiled by LSEG.