GLOBALFOUNDRIES (NASDAQ:GFS – Get Free Report) is set to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. GLOBALFOUNDRIES has set its Q1 guidance at $0.18-0.28 EPS and its Q1 2024 guidance at 0.180-0.280 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
GLOBALFOUNDRIES (NASDAQ:GFS – Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. GLOBALFOUNDRIES had a return on equity of 10.16% and a net margin of 13.80%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. On average, analysts expect GLOBALFOUNDRIES to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
GLOBALFOUNDRIES Stock Up 2.1 %
NASDAQ:GFS opened at $49.27 on Friday. The company has a market capitalization of $27.27 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 4.08 and a beta of 1.61. GLOBALFOUNDRIES has a one year low of $45.52 and a one year high of $68.57. The stock has a 50-day simple moving average of $50.86 and a 200 day simple moving average of $53.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.04.
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About GLOBALFOUNDRIES
GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies.
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