GlobalFoundries Expects Q1 Revenue of $1.50B-$1.54B Vs $1.76B Est and Adj EPS of $0.18-$0.28 Vs $0.46 Est
Portfolio Pulse from Benzinga Newsdesk
GlobalFoundries projects its Q1 revenue to be between $1.50B and $1.54B, which is below the estimated $1.76B. Additionally, the adjusted EPS is expected to be in the range of $0.18 to $0.28, falling short of the $0.46 estimate.
February 13, 2024 | 11:54 am
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NEGATIVE IMPACT
GlobalFoundries expects lower Q1 revenue and adjusted EPS than estimated, indicating potential financial challenges.
The projected shortfall in both revenue and EPS compared to estimates could lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant deviation from expected financial performance highlights potential operational or market challenges faced by GlobalFoundries.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100