GLOBALFOUNDRIES ( NASDAQ:GFS – Get Free Report ) updated its second quarter 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.46-$0.54 for the period, compared to the consensus estimate of $0.49. The company issued revenue guidance of $1.81 billion-$1.85 billion, compared to the consensus revenue estimate of $1.83 billion. Analyst Upgrades and Downgrades A number of brokerages have weighed in on GFS. Wedbush dropped their price target on shares of GLOBALFOUNDRIES from $80.

https://www.dailypolitical.com/2023/07/16/globalfoundries-nasdaqgfs-updates-q2-2023-earnings-guidance.html

#dailypolitical