GlobalFoundries Expects Q3 Revenue $1.825B-$1.870B Vs $1.88B Est, Adj EPS $0.46-$0.54 Vs $0.52 Est
Portfolio Pulse from Benzinga Newsdesk
GlobalFoundries has projected its Q3 revenue to be between $1.825B and $1.870B, which is lower than the estimated $1.88B. The company also expects its adjusted EPS to be between $0.46 and $0.54, compared to the estimated $0.52.
August 08, 2023 | 11:11 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
GlobalFoundries' lower than expected Q3 revenue and EPS projections may negatively impact its stock price in the short term.
GlobalFoundries' projected Q3 revenue and EPS are both lower than the estimates. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100