Corning Says Implementing Price Increases In Display Technologies And Expects To Deliver Segment Net Income Of $900M-$950M In 2025, And To Maintain Net Income Margin Of 25%
Portfolio Pulse from Benzinga Newsdesk
Corning is implementing price increases in its Display Technologies segment and expects to achieve a segment net income of $900M-$950M by 2025, maintaining a net income margin of 25%.
September 19, 2024 | 12:49 pm
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Corning is increasing prices in its Display Technologies segment, projecting a net income of $900M-$950M by 2025 with a 25% margin. This move could positively impact Corning's stock price as it indicates strong future financial performance.
The price increase in Display Technologies suggests Corning is confident in its market position and demand, which could lead to higher revenues and profitability. The projected net income and margin indicate strong financial health, likely boosting investor confidence and stock price.
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