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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (92799)8/6/2024 9:13:46 PM
From: Return to Sender  Respond to of 95358
 
GlobalFoundries beats by $0.09, beats on revs

7:07 AM ET 8/6/24 | Briefing.com

Reports Q2 (Jun) earnings of $0.38 per share, excluding non-recurring items, $0.09 better than the FactSet Consensus of $0.29; revenues fell 11.5% year/year to $1.63 bln vs the $1.61 bln FactSet Consensus.Gross margin of 24.2% and Non-IFRS gross margin of 25.2%.


GlobalFoundries' Q2 Adjusted Earnings, Revenue Fall; Issues Q3 Guidance
7:32 AM ET 8/6/24 | MT Newswires

GlobalFoundries' Q2 Adjusted Earnings, Revenue Fall; Issues Q3 Guidance07:32 AM EDT, 08/06/2024 (MT Newswires) -- GlobalFoundries (GFS) reported Q2 adjusted earnings Tuesday of $0.38 per diluted share, compared with $0.53 a year earlier.

Analysts surveyed by Capital IQ expected $0.29.

Net revenue for the quarter ended June 30 was $1.63 billion, compared with $1.85 billion a year earlier.

Analysts polled by Capital IQ expected $1.61 billion.

For Q3, the semiconductor manufacturing company said it expects adjusted EPS of $0.28 to $0.38 on net revenue of $1.70 billion to $1.75 billion. Analysts polled by Capital IQ expect adjusted EPS of $0.36 on net revenue of $1.72 billion.