Coherent, Lumentum, Ciena Stocks Fall After Corning Earnings Trigger Sector Selloff
Corning Q2 earnings beat estimates, while in-line guidance weighed on peer stocks including Coherent, Ciena and Lumentum.
Corning did better than expected this quarter, but their regular outlook made other similar companies' stocks go down. When one company's news changes how people feel about the whole group, that's a signal the market is worried about what comes next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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