GlobalFoundries Inc

NASDAQ:GFS   3:59:57 PM EDT
59.62
+0.27 (+0.46%)
: $58.50 -1.12 (-1.88%)
Other Pre-Announcement

Globalfoundries Reports Third Quarter 2021 Financial Results

Published: 11/30/2021 21:21 GMT
GlobalFoundries Inc (GFS) - Globalfoundries Reports Third Quarter 2021 Financial Results.
Q3 Revenue $1.7 Billion.
Sees Q4 Revenue $1.8 Billion to $1.83 Billion.
Qtrly Record Gross Margins of 17.6% and Adjusted Gross Margins of 18%.
Expect Continued Revenue and Profit Growth in Q4.
Sees Q4 Gross Profit Expected to Be $335 Million to $350 Million.
Qtrly Earnings per Share $0.01.
Sees Q4 Basic Earnings-per-share (eps) Expected to Be $0.02 to $0.06; Adjusted Basic EPS Expected to Be $0.09 to $0.13.
Qtrly Adjusted Earnings per Share $0.07.
Q3 Earnings per Share View $0.00, Revenue View $1.70 Billion -- Refinitiv Ibes Data (analyst estimates).
Q4 Earnings per Share View $0.09, Revenue View $1.80 Billion -- Refinitiv Ibes Data (analyst estimates).