GlobalFoundries Reports First Quarter 2024 Financial Results

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Go back to GlobalFoundries Reports First Quarter 2024 Financial Results

GlobalFoundries Inc. (GFS) PT Lowered to $60 at Deutsche Bank

May 7, 2024 12:33 PM EDT

Deutsche Bank analyst Ross Seymore lowered the price target on GlobalFoundries Inc. (NASDAQ: GFS) to $60.00 (from $62.00) while maintaining a Buy rating.

The analyst comments "GFS delivered a solid beat and raise with 1Q24 revs/GM of ~$1.55B/26.1% both above the high end of guidance, and the... More

GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 8c, Offers Guidance

May 7, 2024 7:06 AM EDT

GLOBALFOUNDRIES (NASDAQ: GFS) reported Q1 EPS of $0.31, $0.08 better than the analyst estimate of $0.23. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.52 billion.

GUIDANCE:

GLOBALFOUNDRIES sees Q2 2024 EPS of $0.24-$0.34, versus the consensus of $0.28. GLOBALFOUNDRIES sees Q2... More