GLOBALFOUNDRIES Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
Revenues were US$1.5b, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.24, an impressive 70% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. Check out our latest analysis for GLOBALFOUNDRIES Taking into account the latest results, the 16 analysts covering GLOBALFOUNDRIES provided consensus estimates of US$6.72b revenue in 2024, which would reflect a small 5.4% decline over the past 12 months. Statutory earnings per share are forecast to crater 33% to US$1.10 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$6.81b and earnings per share (EPS) of US
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News
- Mubadala Offers to Sell $950 Million of GlobalFoundries Shares [Yahoo! Finance]Yahoo! Finance
- Mubadala Offers to Sell $950 Million of GlobalFoundries Shares [BNN Bloomberg (Canada)]BNN Bloomberg
- GlobalFoundries Announces Launch of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share Repurchase [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Announces Launch of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share RepurchaseGlobeNewswire
- National Institute for Innovation and Technology Welcomes New Board Member and Appoints New Chairwoman [Yahoo! Finance]Yahoo! Finance
GFS
Earnings
- 5/7/24 - Beat
GFS
Sec Filings
- 5/22/24 - Form 6-K
- 5/22/24 - Form 424B7
- 5/22/24 - Form F-3ASR
- GFS's page on the SEC website