GlobalFoundries (GFS) Reported Q3 EPS Beat as Revenues Grew 56% in First Report Since IPO
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Globalfoundries (GFS) Reports Robust Chip Demand in First Earnings Report After IPO, Analyst Sees 30% Upside
December 1, 2021 10:44 AM ESTGlobalfoundries (NASDAQ: GFS) delivered the first quarterly earnings report as a publicly-traded company yesterday.
FQ1 EPS came in at $0.07 to beat the analyst estimate of $0.00. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.7 billion.
The third quarter marked the ongoing acceleration of our... More
GlobalFoundries Inc. (GFS) PT Raised to $87 at Needham & Company
December 1, 2021 6:49 AM ESTNeedham & Company analyst Rajvindra Gill raised the price target on GlobalFoundries Inc. (NASDAQ: GFS) to $87.00 (from $85.00) while maintaining a Buy rating.
The analyst commented, "We are raising our PT to $87 as GlobalFoundries posted a strong beat and raise in its first quarter... More
GlobalFoundries posts 56% rise in quarterly sales on booming chip demand
November 30, 2021 4:18 PM EST(Reuters) - GlobalFoundries posted a 56% rise in revenue on Tuesday, in its first earnings update after going public in October, as the global semiconductor shortage drives companies to secure supplies of chips used in everything from cars to mobile phones.
The company makes silicon wafers for chip... More
GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 7c
November 30, 2021 4:05 PM ESTGLOBALFOUNDRIES (NASDAQ: GFS) reported Q1 EPS of $0.07, $0.07 better than the analyst estimate of $0.00. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.7 billion.
The third quarter marked the ongoing acceleration of our strategy to lead in the pervasive semiconductor market and... More
