GlobalFoundries Q4 Earnings: Revenue And EPS Beat, Margins Shrink, Revenue Outlook Disappoints Street

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Smart mobile device revenue declined 4% from a year ago to $738 million.

GlobalFoundries Inc (NASDAQ:GFS) reported a fiscal fourth-quarter 2024 revenue decline of 1% year-on-year to $1.830 billion, beating the analyst consensus estimate of $1.829 billion.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesMalta

Topics: Top Stories News Briefs Earnings GFS Movers Stories That Matter Tech Why it's moving Benzinga Guidance

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 14:11:01 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 26086552

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