Lates News

GlobalFoundries expects fourth-quarter adjusted EPS of 54 to 64 cents, versus expectations of 56 cents. It expects fourth-quarter net revenue of $1.98 billion to $2.03 billion, versus expectations of $2 billion. Third-quarter net revenue was $1.90 billion, up 13% year over year, versus expectations of $1.89 billion. Third-quarter adjusted EPS was 53 cents, versus expectations of 50 cents. Third-quarter adjusted EBITDA was $647 million, up 13% year over year, versus expectations of $643 million. Third-quarter cash and cash equivalents were $997 million, down 51% year over year, versus expectations of $1.81 billion.