Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump

Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market.

Corning said it expects core sales of about $3.5 billion in the three months ending September, compared with analysts’ estimates of $3.70 billion, according to data from Refinitiv.