GlobalFoundries (NASDAQ:GFS) reported Q2 adjusted earnings of $0.53 per diluted share , compared with $0.58 a year earlier.
Analysts polled by Capital IQ expected an adjusted EPS of $0.50.
Revenue for the quarter ended June 30 was $1.85 billion, compared with $1.99 billion a year earlier. Analysts surveyed by Capital IQ expected $1.83 billion.
For Q3, the company said it expects adjusted EPS of $0.46 to $0.54 on revenue of $1.83 billion to $1.87 billion. Analysts polled by Capital IQ are expecting adjusted EPS of $0.54 on revenue of $1.90 billion.