GlobalFoundries Expects Q4 Revenue of $1.825B-$1.875B Vs $1.89B Est, Adj EPS $0.53-$0.64 Vs $0.52 Est
Portfolio Pulse from Benzinga Newsdesk
GlobalFoundries has released its Q4 2023 guidance, expecting revenues of $1.825B-$1.875B, slightly below the estimated $1.89B. The company also anticipates an adjusted EPS of $0.53-$0.64, surpassing the estimated $0.52.
November 07, 2023 | 12:11 pm
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GlobalFoundries' Q4 2023 revenue guidance is slightly below estimates, while its adjusted EPS is expected to surpass estimates.
GlobalFoundries' lower-than-expected revenue guidance might negatively impact its stock price. However, the higher-than-expected adjusted EPS could offset this impact, leading to a neutral short-term price direction.
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