GlobalFoundries rises after topping earnings expectations

) shares jumped over 5% Tuesday on the back of its latest earnings report, which saw its profit beat analyst consensus expectations.

While the business noted the uncertain global economic and geopolitical landscape, it said the company was able to deliver third-quarter results at the upper end of its guidance ranges.

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GlobalFoundries projects profit above estimates in positive sign for chip marketGlobalFoundries projects profit above estimates in positive sign for chip market
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GlobalFoundries’ Earnings Beat Expectations. The Chip Maker’s Stock Is Rising.The company's stock was rising early Tuesday after the its third-quarter report impressed.
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