Corning press release ( GLW ): Q1 Non-GAAP EPS of $0.70 beats by $0.01 . Revenue of $4.35B beats by $40M . Robust demand for Gen AI products and the ramp of new solar products drove Q1 growth. Optical Communications sales grew 36%, and Solar sales were up 80% year over year. Second-Quarter 2026 Outlook: For the second quarter, management expects to grow core sales about 14% year over year to appro...
Corning press release ( GLW ): Q1 Non-GAAP EPS of $0.70 beats by $0.01 . Revenue of $4.35B beats by $40M . Robust demand for Gen AI products and the ramp of new solar products drove Q1 growth. Optical Communications sales grew 36%, and Solar sales were up 80% year over year. Second-Quarter 2026 Outlook: For the second quarter, management expects to grow core sales about 14% year over year to approximately $4.6 billion (vs. consensus of $4.67B) and core EPS about 25% year over year to a range of $0.73-$0.77 (vs. consensus of $0.75) More on Corning Corning Looks Overvalued, Until You Drill Down And See All That's Here - Buy Corning: Great Company Amid AI Boom, But Don't Value It Like A Hot Tech Stock Corning: One Of The Most Intriguing Infrastructure Plays POET Technologies rout spills over to optical peers despite strong YTD gains Corning 2026 Earnings Preview
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Natasha Mascarenhas reports on what may be a new way that venture capital firms are thinking about artificial intelligence. Tech Across the Globe China exercises authority: The government has decided to block Meta’s $2 billion acquisition of AI startup Manus, potentially ...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Natasha Mascarenhas reports on what may be a new way that venture capital firms are thinking about artificial intelligence. Tech Across the Globe China exercises authority: The government has decided to block Meta’s $2 billion acquisition of AI startup Manus, potentially unwinding a deal that drew criticism in China for letting technology escape to the US. See what comes next . Kimmel draws outrage: Jimmy Kimmel is in the spotlight again after President Donald Trump called for Disney’s ABC to fire the late-night talk show host for jokes about the president in his monologue last week. Here’s what Kimmel said . Google staff speaks out: Hundreds of researchers signed a letter urging CEO Sundar Pichai to refuse to make the company’s AI systems available for US military work. Read their demands . Revalued Former Google DeepMind computer scientist David Silver raised $1.1 billion in an initial seed funding round for his new AI company, Ineffable Intelligence. The startup garnered a valuation of $5.1 billion in the round led by Sequoia Capital and Lightspeed Venture Partners. The lab will focus on improving AI agents based on trial and error, called reinforcement learning, which is the subject of Silver’s research. New role In February , I wrote about how venture capital firms were bringing artificial intelligence talent in-house to help them sharpen their own usage of the promising technology. That push, which has included efforts from the likes of Thrive Capital, Menlo Ventures and Felicis, is now taking on a new dimension. Eclipse, a VC firm focused on backing moonshot tech such as rocket makers, has hired a former Meta Vice President, Amir Frenkel, as the its first-ever chief AI officer. Fresh off of a $1.3 billion fundraising haul, the firm sees it as an opportunity to help its internal AI capabilities; it also wants to deploy Frenkel to port...
A Hong Kong court has fined the owner of a luxury home at Redhill Peninsula nearly HK$1 million (US$173,938), the harshest penalty to date for illegal structures discovered during a government inspection at the seaside estate three years ago. Magistrate Tobias Cheng Yun-chung handed down a HK$980,000 fine on Tuesday on Future Ocean, which has owned House No 74 at Redhill Peninsula in Tai Tam since...
A Hong Kong court has fined the owner of a luxury home at Redhill Peninsula nearly HK$1 million (US$173,938), the harshest penalty to date for illegal structures discovered during a government inspection at the seaside estate three years ago. Magistrate Tobias Cheng Yun-chung handed down a HK$980,000 fine on Tuesday on Future Ocean, which has owned House No 74 at Redhill Peninsula in Tai Tam since 2006. Deborah Yuen Wai-ming is listed as the company’s director, and she lives in the house with...
Sesko hails influence of veteran ‘working machine’ Striker backs Michael Carrick to stay on as manager Benjamin Sesko has said Casemiro will be a big loss for Manchester United next season given the influence of the “working machine” on and off the pitch at Old Trafford. Casemiro produced another commanding display for Michael Carrick’s team on Monday when a 2-1 win over Brentford left United need...
Sesko hails influence of veteran ‘working machine’ Striker backs Michael Carrick to stay on as manager Benjamin Sesko has said Casemiro will be a big loss for Manchester United next season given the influence of the “working machine” on and off the pitch at Old Trafford. Casemiro produced another commanding display for Michael Carrick’s team on Monday when a 2-1 win over Brentford left United needing two points to secure Champions League qualification. Casemiro has announced he is leaving United after four years this summer and Carrick confirmed after the game that the decision will not be reversed . Continue reading...
CORNING, N.Y., April 28, 2026--Corning Incorporated (NYSE: GLW) today announced its first-quarter 2026 results and provided its outlook for second-quarter 2026.
CORNING, N.Y., April 28, 2026--Corning Incorporated (NYSE: GLW) today announced its first-quarter 2026 results and provided its outlook for second-quarter 2026.
Ares Capital press release ( ARCC ): Q1 Non-GAAP EPS of $0.47 misses by $0.01 . Total investment income of $763M (+4.2% Y/Y) misses by $13.36M . On April 28, 2026, the registrant announced the declaration of a second quarter 2026 dividend of $0.48 per share, payable on June 30, 2026 to stockholders of record as of June 15, 2026. More on Ares Capital Ares Capital's Drop Offers The Opportunity To Ca...
Ares Capital press release ( ARCC ): Q1 Non-GAAP EPS of $0.47 misses by $0.01 . Total investment income of $763M (+4.2% Y/Y) misses by $13.36M . On April 28, 2026, the registrant announced the declaration of a second quarter 2026 dividend of $0.48 per share, payable on June 30, 2026 to stockholders of record as of June 15, 2026. More on Ares Capital Ares Capital's Drop Offers The Opportunity To Capture A 10%+ Yield ARCC Vs OBDC: Valuation Gaps Widen On Growing Credit Fears Ares Capital Vs. Blackstone Secured Lending: Quality Over Higher Yield Ares Capital Q1 Preview: What to expect Ares Capital signals record $15.8B originations in 2025 while maintaining dividend stability
Xylem press release ( XYL ): Q1 Non-GAAP EPS of $1.12 beats by $0.04 . Revenue of $2.13B (+2.9% Y/Y) beats by $20M . First-quarter adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) margin was 20.6 percent, reflecting a year-over-year increase of 20 basis points. Outlook Xylem now forecasts full-year 2026 revenue of approximately $9.2 to $9.3 billion vs. $9.19B consens...
Xylem press release ( XYL ): Q1 Non-GAAP EPS of $1.12 beats by $0.04 . Revenue of $2.13B (+2.9% Y/Y) beats by $20M . First-quarter adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) margin was 20.6 percent, reflecting a year-over-year increase of 20 basis points. Outlook Xylem now forecasts full-year 2026 revenue of approximately $9.2 to $9.3 billion vs. $9.19B consensus (prior $9.1 to $9.2 billion) , up approximately 2 to 3 percent on a reported basis, versus 1 to 3 percent previously guided, and up approximately 2 to 4 percent on an organic basis, as previously guided. Full-year 2026 adjusted EBITDA margin is expected to be approximately 22.9 to 23.3 percent, an increase of 70 to 110 basis points from Xylem’s 2025 adjusted results. This results in full-year adjusted earnings per share of $5.35 to $5.60 vs. $5.49 consensus (prior $5.35 to $5.60) , in line with the previous guidance range. Full-year free cash flow margin is still expected to be approximately 10.2 to 11.0 percent. More on Xylem Xylem: Strong Fundamentals, More Conservative Outlook Xylem: Strong Quarter, But Weak Guidance Xylem Inc. 2025 Q4 - Results - Earnings Call Presentation Xylem Q1 2026 Earnings Preview Xylem downgraded at UBS on concerns about stalled growth
A leading ratings agency that previously expressed concerns about China’s local debt woes has cast a vote of confidence in the world’s second-largest economy, raising the country’s sovereign credit outlook to “stable” from “negative”. This week’s move by Moody’s Ratings was closely watched, as energy shocks from the US-Israel war in Iran have exacerbated concerns about the global economy’s traject...
A leading ratings agency that previously expressed concerns about China’s local debt woes has cast a vote of confidence in the world’s second-largest economy, raising the country’s sovereign credit outlook to “stable” from “negative”. This week’s move by Moody’s Ratings was closely watched, as energy shocks from the US-Israel war in Iran have exacerbated concerns about the global economy’s trajectory. The agency had dropped China’s sovereign rating from Aa3 to A1 in 2017, its first downgrade for...
Jakarta’s move to press on with importing 150 million barrels of Russian oil despite latest EU sanctions against an Indonesian port underscores a growing divide between Western efforts to isolate Moscow and Asia’s push for energy security. On Thursday, the European Commission announced its 20th package of sanctions against Russia, which includes Indonesia’s Karimun Oil Terminal for its “connection...
Jakarta’s move to press on with importing 150 million barrels of Russian oil despite latest EU sanctions against an Indonesian port underscores a growing divide between Western efforts to isolate Moscow and Asia’s push for energy security. On Thursday, the European Commission announced its 20th package of sanctions against Russia, which includes Indonesia’s Karimun Oil Terminal for its “connections with the shadow fleet and circumvention of the oil price cap”. The sanction on Karimun, located in...
The potential emergence of a new DeepSeek spokesman has sparked intrigue as speculation over the whereabouts of founder and CEO Liang Wenfeng continues, more than a year after his last public appearance. While the Hangzhou start-up’s latest V4 model did not make the same waves as its breakout moment a year earlier, the much-anticipated release still grabbed headlines through a collaboration with d...
The potential emergence of a new DeepSeek spokesman has sparked intrigue as speculation over the whereabouts of founder and CEO Liang Wenfeng continues, more than a year after his last public appearance. While the Hangzhou start-up’s latest V4 model did not make the same waves as its breakout moment a year earlier, the much-anticipated release still grabbed headlines through a collaboration with domestic tech giant Huawei Technologies and its remarkably low prices. For the traditionally...
China’s maritime rescue authorities have expanded their ability to carry out deep sea search and rescue operations beyond 4,000 metres (13,100 feet), according to state media. People’s Daily, the Communist Party mouthpiece, credited the development of hi-tech equipment for the shift, which it described as “marking the formal transition of China’s transport rescue and salvage forces” to being able ...
China’s maritime rescue authorities have expanded their ability to carry out deep sea search and rescue operations beyond 4,000 metres (13,100 feet), according to state media. People’s Daily, the Communist Party mouthpiece, credited the development of hi-tech equipment for the shift, which it described as “marking the formal transition of China’s transport rescue and salvage forces” to being able to carry out practical operations at such depths. The Nanhai Rescue Bureau, the body responsible for...