GLOBALFOUNDRIES (GFS) Tops Q3 EPS by 5c

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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