GlobalFoundries (GFS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
GFSGLOBALFOUNDRIES(GFS) ZACKS·2024-08-06 23:31

GlobalFoundries Inc. (GFS) reported 1.63billioninrevenueforthequarterendedJune2024,representingayear−over−yeardeclineof11.51.63 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 11.5%. EPS of 0.38 for the same period compares to 0.53ayearago.Thereportedrevenuerepresentsasurpriseof+0.890.53 a year ago.The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of 1.62 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +31.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...