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Investing.com - Globalfoundries reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Globalfoundries announced earnings per share of $0.67 on revenue of $2.1B. Analysts polled by Investing.com EPS of $0.60 on revenue of $2.05B.
Globalfoundries 's are down 28% and is trading at $61.12 , still down 28.85% from its 52 week high of $79.49 set on Friday, March 25, 2022.
Globalfoundries shares gained 8.06% to trade at $61.12 in pre-market trade the report.
Globalfoundries follows other major Information Technology sector earnings this month
Globalfoundries's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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