GlobalFoundries Inc. (GFS) Beats Q1 Earnings and Revenue Estimates

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 34.78%. A quarter ago, it was expected that this company would post earnings of $0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%.Over the last four quarters, the compa ...