GlobalFoundries shares are trading lower after the company issued Q1 guidance below estimates
Portfolio Pulse from Benzinga Newsdesk
GlobalFoundries shares are trading lower following the company's announcement of Q1 guidance that fell below market estimates.
February 13, 2024 | 11:56 am
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GlobalFoundries shares are trading lower due to Q1 guidance below expectations.
GlobalFoundries' announcement of lower-than-expected Q1 guidance directly impacts investor sentiment and the stock's short-term price direction. Given the importance of earnings guidance as an indicator of future performance, this news is likely to lead to a decrease in stock price in the short term.
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