GlobalFoundries Reports First Quarter 2024 Financial Results
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GlobalFoundries Inc. (GFS) PT Lowered to $60 at Deutsche Bank
May 7, 2024 12:33 PM EDTDeutsche 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 EDTGLOBALFOUNDRIES (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
