GFS Oct 2024 70.000 call
| Previous Close | 0.8500 |
| Open | 0.8500 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 70.00 |
| Expire Date | 2024-10-18 |
| Day's Range | 0.8500 - 0.8500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 10 |
Investor's Business DailyChipmaker GlobalFoundries Tops Q1 Views, Offers Reassuring Outlook
Contract chipmaker GlobalFoundries beat estimates for the first quarter and offered in-line to better-than-expected guidance for the current period.
ReutersGlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
The upbeat forecast is the latest positive sign for the industry after earnings of chip firms including NXP Semiconductors and Texas Instruments showed that demand was picking up, aided by orders from the industrial sector. "Pockets of the semiconductor industry" have started to emerge from inventory corrections, GlobalFoundries CEO Thomas Caulfield said in a statement. GlobalFoundries — the world's third-largest contract chipmaker — had won $1.5 billion in subsidies from the U.S. government earlier this year, which it plans to use for the construction of a new semiconductor production facility in Malta, New York and expand existing operations there and in Burlington, Vermont.
GlobeNewswireGlobalFoundries Reports First Quarter 2024 Financial Results
MALTA, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2024. Key First Quarter Financial Highlights Revenue of $1.549 billionGross margin of 25.4% and Non-IFRS gross margin(1) of 26.1%Operating margin of 9.5% and Non-IFRS operating margin(1) of 12.1%Net income of $134 million and Non-IFRS net income(1) of $174 millionNon-IFRS EBITDA(1) of $577 millionCash, cash equivalents and marke
