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GlobalFoundries Q4 Results Top Estimates; Guides Q1 In Line With View

RTTNews | vor 925 Tagen

GlobalFoundries Q4 Results Top Estimates; Guides Q1 In Line With View

(RTTNews) - GlobalFoundries, Inc. (GFS) reported Tuesday that net income attributable to the company soared to $668 million or $1.21 per share from $44 million or $0.08 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $1.44 per share, compared to $0.67 per share in the year-ago quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.18 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenue for the quarter increased 14 percent to $2.10 billion from $2.07 billion in the same quarter last year. The Street expected revenues of $2.08 billion for the quarter.

Looking ahead to the first quarter, the company now projects earnings in a range of $0.36 to $0.46 per share and adjusted earnings in a range of $0.45 to $0.53 per share on net revenues between $1.81 billion and $1.85 billion.

The Street is looking for earnings of $0.45 per share on revenues of $1.83 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: GFS

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Singapore Stock Market May Extend Wednesday's Gains

Singapore Stock Market May Extend Wednesday's Gains

The Singapore stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,245-point plateau and it may pick up steam on Thursday.

RTTNews | vor 4 Minuten

Malaysia Bourse May Add To Its Winnings On Thursday

Malaysia Bourse May Add To Its Winnings On Thursday

The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.

RTTNews | vor 34 Minuten

Higher Open Called For Japan Stock Market

Higher Open Called For Japan Stock Market

The Japan stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just above the 42,520-point plateau and it's expected to open to the upside again on Thursday.

RTTNews | vor 49 Minuten

KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,190-point plateau and it may tick higher again on Thursday.

RTTNews | vor 1Std 4 Minuten

Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.

RTTNews | vor 2Std 4 Minuten

Swiss Franc Advances Against Majors

Swiss Franc Advances Against Majors

The Swiss franc climbed against its major counterparts in the New York session on Wednesday.

RTTNews | vor 3Std 32 Minuten

European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.

RTTNews | vor 7Std 9 Minuten

Euro Falls Amid Political Uncertainty

Euro Falls Amid Political Uncertainty

The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.

RTTNews | vor 11Std 25 Minuten

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