Corning shares surge 5.91% intraday after hitting all-time high on strong earnings growth and bullish future forecasts.

Corning Inc. surged 5.91% intraday after hitting an all-time high of $117.35, driven by strong earnings growth and positive analyst sentiment. The stock’s rally aligns with recent reports highlighting its 215% year-over-year earnings per share (EPS) growth and analysts’ forecasts of 33% annual EPS growth over the next three years. These expectations have justified Corning’s elevated P/E ratio of 60x, as investors anticipate continued outperformance relative to the broader market’s 12.