GLOBALFOUNDRIES (GFS) Tops Q2 EPS by 3c, beats revenue

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Go back to GLOBALFOUNDRIES (GFS) Tops Q2 EPS by 3c, beats revenue

GLOBALFOUNDRIES (GFS) tops Q2 earnings, revenue expectations

August 8, 2023 10:36 AM EDT

GLOBALFOUNDRIES (NASDAQ: GFS) topped earnings and revenue expectations for the second quarter, it revealed Tuesday.

However, GFS shares dropped at the open Tuesday, currently down more than 2% at $57.93 after initially hitting a low of $55.65 per share.

The company reported Q2 EPS of $0.53, $0.03... More