GlobalFoundries Expects Q2 Revenue of $1.59B-$1.64B Vs $1.59B Est, Adj EPS of $0.24-$0.34 Vs $0.28 Est
Portfolio Pulse from Benzinga Newsdesk
GlobalFoundries expects Q2 revenue to be between $1.59B-$1.64B, aligning with the $1.59B estimate, and adjusted EPS to range from $0.24-$0.34, compared to the $0.28 estimate. The guidance includes details on net revenue, gross profit, operating profit, and net income, highlighting both IFRS and non-IFRS measures.
May 07, 2024 | 11:20 am
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GlobalFoundries expects Q2 revenue to align with estimates at $1.59B-$1.64B and adjusted EPS to be $0.24-$0.34, slightly above the $0.28 estimate.
The company's revenue forecast aligns with market estimates, indicating stable performance. The adjusted EPS projection being slightly above estimates suggests operational efficiency and profitability, likely leading to positive investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100