Why GlobalFoundries Sank Today

The recovery in lagging-edge markets remains uneven.Shares of specialty semiconductor manufacturer GlobalFoundries (GFS -9.22%) sank on Tuesday, down 10.3% as of 3:20 p.m. ET.The company reported earnings this morning that beat expectations by a decent margin; however, demand may have been "pulled in" to the second quarter, as third-quarter guidance came in well below analysts' expectations.Mixed performance across different specialty chip end marketsGlobalFoundries is a U.S.-based fab for "specialty" semic ...