FILE PHOTO: A screen displays the logo for Corning Inc. at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) - Specialty glass maker Corning on Tuesday forecast first-quarter profit below Wall Street expectations, as it grapples with lower demand for its optical fiber cables from telecom customers.
The company expects adjusted profit between 32 cents and 38 cents per share, below analysts' estimates of 39 cents, according to LSEG data. It sees core sales at about 3.1 billion for the current quarter, compared with analysts expectation of 3.18 billion.
