GLOBALFOUNDRIES Inc. (GFS) reported a profit for first quarter that Drops, from last year
The company's bottom line came in at $104 million, or $0.18 per share. This compares with $211 million, or $0.38 per share, last year.
Excluding items, GLOBALFOUNDRIES Inc. reported adjusted earnings of $227 million or $0.40 per share for the period.
The company's revenue for the period rose 3.1% to $1.634 billion from $1.585 billion last year.
GLOBALFOUNDRIES Inc. earnings at a glance (GAAP) :
-Earnings: $104 Mln. vs. $211 Mln. last year.-EPS: $0.18 vs. $0.38 last year.-Revenue: $1.634 Bln vs. $1.585 Bln last year.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.