Shares of Corning (GLW), a beneficiary of the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) boom, rose about 1% Tuesday after the specialty glass maker raised its longer-term and first-quarter outlooks.

Corning manufactures specialized glass and ceramic products including glass for smartphones and televisions to fiber optic cabling 澳洲幸运5官方开奖结果体彩网:solutions for data centers, whic✅h have se🔯en a surge in demand as investment in AI has grown.

The company said it now expects sales in the first quarter to exceed $3.6 billion and 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS)  to “come in at the high end of the range of $0.48 to $0.52.” The new first-quarter sales outlook exceeds analysꦕt expectations of $3.51 billion for the period, as reported by Visible Alpha.

Corning previously had said that it expects core sales to grow around 10% year-over-year to $3.6 billion, with core EPS rising about 30% to a range of 48 cents to 52 cents.

Corning also liftไed its l꧙onger-term targets on Tuesday.

“Today, we upgraded our high-confidence Springboard plan to now add more than $4 billion in 澳洲幸运5官方开奖结果体彩网:annualized sales, and to achieve 澳洲幸运5官方开奖结果体彩网:operating margin of 20𒁏%, by the end of 2026,” CEO Wendell Weeks said♚.

Corning shares🐼 are up 46% in the past 12 months.