GLOBALFOUNDRIES Inc. (GFS) announced a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $249 million, or $0.44 per share. This compares with $178 million, or $0.32 per share, last year.
Excluding items, GLOBALFOUNDRIES Inc. reported adjusted earnings of $232 million or $0.41 per share for the period.
Analysts on average had expected the company to earn $0.38 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.9% to $1.688 billion from $1.739 billion last year.
GLOBALFOUNDRIES Inc. earnings at a glance (GAAP) :
-Earnings: $249 Mln. vs. $178 Mln. last year.-EPS: $0.44 vs. $0.32 last year.-Revenue: $1.688 Bln vs. $1.739 Bln last year.
-Guidance:Next quarter EPS guidance: $0.42 - $0.52Next quarter revenue guidance: $1,775 - $1,825 Mln
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.