GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Q1 2024 Earnings Call Transcript May 7, 2024 GLOBALFOUNDRIES Inc. beats earnings expectations. Reported EPS is $0.31, expectations were $0.2314. GLOBALFOUNDRIES Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and thank you for standing […]
Contract chipmaker GlobalFoundries beat estimates for the first quarter and offered in-line to better-than-expected guidance for the current period.
GlobalFoundries Inc (NASDAQ:GFS) stock gained after it reported its quarterly earnings Tuesday. The company’s fiscal first-quarter 2024 revenue declined 16% year-on-year to $1.55 billion, beating the analyst consensus estimate of $1.52 billion. The semiconductor manufacturer’s adjusted EPS of $0.31 beat the analyst consensus estimate of $0.23. The adjusted gross margin declined by 240 bps to 26.1%, and the adjusted operating margin decreased by 560 bps to 12.1%. The adjusted EBITDA margin improv