GlobalFoundries' Q2 Adjusted Earnings, Revenue Rise

MT Newswires Live

08/05

GlobalFoundries (GFS) reported Q2 adjusted earnings Wednesday of $0.46 per diluted share, up from $0.42 a year earlier.

Analysts polled by FactSet expected $0.43.

Revenue for the quarter ended June 30 was $1.79 billion, compared with $1.69 billion a year earlier.

Analysts expected $1.77 billion.

Shares of GlobalFoundries were down more than 3% in premarket trading Wednesday.

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