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GlobalFoundries Stock Drops After Weak Q3 Guidance; Topline Declines Over 7% In Q2
Tuesday, August 8, 2023 - 12:38pm | 334Read More...GlobalFoundries Inc (NASDAQ: GFS) reported a second-quarter FY23 revenue decline of 7.4% year-on-year to $1.85 billion, beating the consensus of $1.83 billion. Adjusted EPS of $0.53 beat the consensus of $0.51. The adjusted gross margin expanded by 160 bps to 29.6%, and the...


