Wedbush Trims GlobalFoundries (NASDAQ:GFS) price target to $70 From $72 In Line With Slight Reduction to 2024 Estimates; Keeps Outperform Rating。
Wedbush Trims GlobalFoundries (NASDAQ:GFS) price target to $70 From $72 Read Post »
Citigroup analyst Christopher Danely maintains GLOBALFOUNDRIES (NASDAQ:GFS) with a Buy and lowers the price target from $77 to $70.
Citigroup lowers GLOBALFOUNDRIES (NASDAQ:GFS) price target from $77 to $70 Read Post »
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.