GLOBALFOUNDRIES (NASDAQ: GFS) is set to announce its financial results for the third quarter of 2024 on Tuesday 5th November 2024. This highly anticipated announcement is scheduled to take place before market open. Investors will have the opportunity to learn more about the company's performance during the quarter.
In accordance with the forecasts of financial specialists on Wall Street, the concern is primed to announce an anticipated $0.33 profit per share for the quarter. Additionally, the company is projected to reveal a total revenue of $1.73 billion for this particular period.
In the same quarter of the previous year, the company's financial statement revealed a per-share income of $0.55. Additionally, the company's overall revenue for that particular period was an impressive $1.85 billion.
Wall street experts have shared their forecasts for the company's annual performance, indicating that they predict the company will achieve a total revenue of $6.72 billion. Additionally, they are expecting the earnings per share for the company to hit profit of $1.37 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.38 | -28.3% | 1.63 B | -11.5% |
| Q1 2024 | $0.31 | -40.4% | 1.55 B | -15.9% |
| Q4 2023 | $0.64 | -55.6% | 1.85 B | -11.8% |
| Q3 2023 | $0.55 | -17.9% | 1.85 B | -10.7% |
| Q2 2023 | $0.53 | -8.6% | 1.85 B | -7.4% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 5th November 2024 at 08:30 AM eastern time to discuss Q3 financial results.
The previous trading day saw GLOBALFOUNDRIES (GFS) shares trading between $36.54 and $37.52, besides a volume of 1.38 million shares. The stock closed Friday's regular trading session at $36.63, reflecting 0.36 percent advance.
