GlobalFoundries Inc. (GFS) Beats Q1 Earnings and Revenue Estimates
GFSGLOBALFOUNDRIES(GFS) Zacks Investment Research·2024-05-07 21:26

GlobalFoundries Inc. (GFS) came out with quarterly earnings of 0.31pershare,beatingtheZacksConsensusEstimateof0.31 per share, beating the Zacks Consensus Estimate of 0.23 per share. This compares to earnings of 0.52pershareayearago.Thesefiguresareadjustedfornon−recurringitems.Thisquarterlyreportrepresentsanearningssurpriseof34.780.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.78%. A quarter ago, it was expected that this company would post earnings of 0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%. Over the last four quarters, the com ...