News Formal

GlobalFoundries rises after topping earnings expectations

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GlobalFoundries projects profit above estimates in positive sign for chip marketGlobalFoundries projects profit above estimates in positive sign for chip market
Source: Investingcom - 🏆 450. / 53 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »