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$GlobalFoundries (GFS.US)$ After the US stock market closed ...

$GlobalFoundries (GFS.US)$ After the post-market trading on November 30th (Tuesday), GFS.US announced its financial performance for the third quarter of 2021, which is the company's first financial report since its listing on October 28th this year. The financial report shows that the company's Q3 revenue was $1.7 billion, compared to $1.091 billion in the same period last year, a year-on-year growth of 56%; net income was $5 million, compared to a loss of $0.293 billion in the same period last year.
Both basic earnings per share and diluted earnings per share were $0.01, compared to a loss of $0.58 in the same period last year. Adjusted earnings per share were $0.07, compared to a loss of $0.58 in the same period last year.
Adjusted gross profit was $0.306 billion, compared to a loss of $0.134 billion in the same period last year; adjusted gross margin was 18%, compared to -12% in the same period last year.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $0.505 billion, compared to $0.275 billion in the same period last year, a year-on-year growth of 84%.
Looking ahead, the company expects revenue to be between $1.8 billion and $1.83 billion in the fourth quarter, with adjusted earnings per share between $0.09 and $0.13, and adjusted EBITDA between $0.51 billion and $0.53 billion.
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