11:59 AM EDT, 07/08/2024 (MT Newswires) -- Corning (GLW) shares rose 11% in recent Monday trading after the company boosted guidance for Q2 core sales to $3.6 billion from $3.4 billion.

Core earnings per share are expected at the high end of or "slightly above" guidance of $0.42 to $0.46, Corning said Monday.

"The outperformance was primarily driven by the strong adoption of our new optical connectivity products" for generative intelligence, Chief Executive Officer Wendell Weeks said in a statement.

Corning is set to release Q2 results on July 30.

Price: 42.53, Change: +4.10, Percent Change: +10.65