GlobalFoundries (GFS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
GFSGLOBALFOUNDRIES(GFS) Zacks Investment Research·2024-05-07 22:36

For the quarter ended March 2024, GlobalFoundries Inc. (GFS) reported revenue of 1.55billion,down15.91.55 billion, down 15.9% over the same period last year. EPS came in at 0.31, compared to 0.52intheyear−agoquarter.Thereportedrevenuerepresentsasurpriseof+1.800.52 in the year-ago quarter. The reported revenue represents a surprise of +1.80% over the Zacks Consensus Estimate of 1.52 billion. With the consensus EPS estimate being $0.23, the EPS surprise was +34.78%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...