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GLOBALFOUNDRIES Inc. (GFS)
After hours:
| Previous close | 49.73 |
| Open | 52.16 |
| Bid | 53.23 x 500 |
| Ask | 53.30 x 500 |
| Day's range | 52.10 - 55.76 |
| 52-week range | 45.52 - 68.57 |
| Volume | |
| Avg. volume | 1,578,760 |
| Market cap | 29.482B |
| Beta (5Y monthly) | 1.61 |
| PE ratio (TTM) | 29.10 |
| EPS (TTM) | 1.83 |
| Earnings date | 07 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 61.21 |
BenzingaUS Chips Act Beneficiary GlobalFoundries Stock Soars On Q1 Earnings - What's Going On?
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
Barrons.comGlobalFoundries 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.
ZacksGlobalFoundries (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.
