Corning's Springboard Plan Set To Skyrocket Profits By 2026: AI And Price Hikes Drive Growth [Yahoo! Finance]
Lumen Technologies, Inc. (LUMN)
Company Research
Source: Yahoo! Finance
The company provided significant updates to its “Springboard” plan of adding more than $3 billion in annualized sales and shared its strategy to achieve a 20% operating margin by the end of 2026 For the third quarter of 2024, the company continues to expect sales of $3.7 billion (vs. consensus of $3.71 billion) and EPS in the range of $0.50 – $0.54 (vs. consensus of $0.53) Wendell P. Weeks, chairman and chief executive officer, said, “I'm very pleased with the progress we have made on our ‘Springboard' plan to add more than $3 billion in annualized sales by 2026. The plan leads to an improving return profile, with profits growing significantly faster than sales.” Corning is implementing price increases in its display technologies and forecasts, delivering segment net income of $900 million to $950 million in 2025 while maintaining a net income margin of 25%. Corning's Optical Communications division is showing positive momentum, with Enterprise sales projected to increase by o
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LUMN
News
- 5 Things I Love About My Experience With T-Mobile Home Internet – and a Few Bummers [CNET News]CNET News
- CenturyLink vs. Spectrum: Which Internet Provider Is Better? [CNET News]CNET News
- Multi-Tenant Data Center Market to attain USD 88.9 Billion by 2032, Says Global Market Insights inc. [Yahoo! Finance]Yahoo! Finance
- The 9.4% return this week takes Lumen Technologies' (NYSE:LUMN) shareholders one-year gains to 341% [Yahoo! Finance]Yahoo! Finance
- FBI says it has disrupted major Chinese hacking operation that threatened US critical infrastructure [CNN]CNN
LUMN
Earnings
- 8/6/24 - Miss
LUMN
Sec Filings
- 9/11/24 - Form SC
- 9/5/24 - Form 4
- 9/3/24 - Form 4
- LUMN's page on the SEC website