GLOBALFOUNDRIES Q2 2024 Adj. EPS $0.38 Beats $0.28 Estimate, Sales $1.632B Beat $1.615B Estimate
Portfolio Pulse from Benzinga Newsdesk
GLOBALFOUNDRIES reported Q2 2024 adjusted EPS of $0.38, beating the estimate of $0.28. Sales were $1.632 billion, surpassing the expected $1.615 billion.
August 06, 2024 | 11:02 am
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POSITIVE IMPACT
GLOBALFOUNDRIES reported better-than-expected Q2 2024 results with adjusted EPS of $0.38 and sales of $1.632 billion, both beating estimates.
The better-than-expected earnings and sales figures are likely to positively impact the stock price of GLOBALFOUNDRIES in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100