GlobalFoundries Reports Third Quarter 2023 Financial Results

Go back to GlobalFoundries Reports Third Quarter 2023 Financial Results

GlobalFoundries (GFS) rises after topping earnings expectations

November 7, 2023 9:02 AM EST

GlobalFoundries (NASDAQ: GFS) shares jumped over 5% Tuesday on the back of its latest earnings report, which saw its profit beat analyst consensus expectations.

The semiconductor company reported Q3 EPS of $0.55, $0.05 better than the analyst estimate of $0.50. Revenue for the quarter came in at... More

GLOBALFOUNDRIES (GFS) Tops Q3 EPS by 5c

November 7, 2023 7:08 AM EST

GLOBALFOUNDRIES (NASDAQ: GFS) reported Q3 EPS of $0.55, $0.05 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.85 billion.

GUIDANCE:

GLOBALFOUNDRIES sees Q4 2023 EPS of $0.53-$0.64, versus the consensus of $0.52. GLOBALFOUNDRIES sees Q4 2023... More