- Investor's Business Daily
Chipmaker GlobalFoundries Tops Q1 Views, Offers Reassuring Outlook
Contract chipmaker GlobalFoundries beat estimates for the first quarter and offered in-line to better-than-expected guidance for the current period.
- Barrons.com
GlobalFoundries Stock Soars. Chip Demand Is Improving.
GlobalFoundries stock was jumping after the company reported earnings that easily topped both management’s guidance and the Wall Street consensus forecast. GlobalFoundries, a contract chip manufacturer that makes a large number of lower-cost parts for semiconductor companies, posted sales for the quarter of $1.55 billion, down 16% from a year earlier, but ahead of the Street consensus expectation of $1.52 billion. Global Foundries shares were up about 9% on the news.
- Zacks
GlobalFoundries (GFS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for GlobalFoundries (GFS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
