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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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.