GlobalFoundries Inc. (GFS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual ...

GlobalFoundries Inc. (NASDAQ:GFS) Q2 2024 Results Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Sam Franklin - Vice President of Business Finance and Investor Relations Thomas Caulfield - President and Chief Executive Officer Niels Anderskouv - Chief Business Officer John Hollister - Chief Financial Officer Conference Call Participants Mark Lipacis - Evercore ISI Ross Seymore - Deutsche Bank CJ Muse - Cantor Fitzgerald Chris Caso - Wolfe Research Joseph Moore - Morgan Stanley Vivek ...

GlobalFoundries Inc. (GFS) reported $1.63 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 $0.53 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 Wal ...

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 31.03%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.31, delivering a surprise of 34.78%. Over the last four quarters, the co ...

GlobalFoundries 1 Second Quarter 2024 Financial Results (unaudited) August 6, 2024 Disclaimer This presentation and the accompanying oral presentation include "forward-looking statements," that reflect our current expectations and views of future events. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, b ...

GlobalFoundries Inc. TABLE OF CONTENTS Unaudited Financial Statements Page | --- | --- | |----------------------------------------------------------------------------------------|-------| | | | | | | | Interim Condensed Consolidated Statements of Financial Position | 2 | | Interim Condensed Consolidated Statements of Operations | 3 | | Interim Condensed Consolidated Statements of Comprehensive Income (Loss) | 4 | | Interim Condensed Consolidated Statements of Changes in Equity | 5 | | Interim Condensed Cons ...

GlobalFoundries Inc. (GFS) shares rallied 6.8% in the last trading session to close at $58.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.1% gain over the past four weeks. GlobalFoundries extended its rally, driven by its U.S. manufacturing capabilities to support its domestic chip manufacturing amid rising geopolitical tensions, including increasing trade restrictions on China. This company is expecte ...

Semiconductor foundry GlobalFoundries (NASDAQ:GFS) popped sharply higher on Wednesday, gaining about 10% before paring back some of the enthusiasm. Recent comments by former President Donald Trump catapulted the swing up. A potential pivot to an isolationist stance may benefit GFS stock as domestic chip production rises. Based in Malta, New York, GlobalFoundries, according to its profile, "manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processo ...

Semiconductor stocks are having a rough time of things Wednesday, with shares of giants such as Taiwan Semiconductor Manufacturing (TSM -7.52%) falling more than 7% on worries of additional U.S. government interference with the chip market. Playing politics with semiconductors The implication: If reelected, Trump might aim to reduce dependence on Taiwanese chips. And the unspoken implication: He might impose tariffs on chips sold by Taiwan Semiconductor. Is GlobalFoundries stock a buy? To the contrary, with ...

The company will host a conference call with the financial community on Tuesday, August 6, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. ©GlobalFoundries Inc. GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners. Conference Call and Webcast Information About GF ir@gf.com The company's financial results and a webcast of the confer ...