GLOBALFOUNDRIES-GlobalFoundries Inc. (GFS) Tops Q2 Earnings and Revenue Estimates

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 ...