$GlobalFoundries (GFS.US)$ After the US stock market on Nove...
$GlobalFoundries(GFS.US$ After the US stock market on November 30 (Tuesday), GFS.US (GFS.US) announced its financial results for the third quarter of 2021. This is the company's first financial report since listing on October 28 this year. According to financial reports, the company's Q3 revenue was 1.70 billion US dollars, compared to 1,091 billion US dollars in the same period last year, up 56% year on year; net profit was 5 million US dollars, and loss was 293 million US dollars in the same period last year.
Basic earnings per share and diluted earnings per share were both $0.01, compared with a loss of $0.58 for the same period last year. Adjusted earnings per share were $0.07, compared to a loss of $0.58 for the same period last year.
Adjusted gross profit was US$306 million, compared to a loss of US$134 million for the same period last year; adjusted gross margin was 18% compared to -12% for the same period last year.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was US$505 million, compared to US$275 million in the same period last year, an increase of 84% over the previous year.
Looking ahead, the company expects revenue of between $1,800 million and $1,830 million for the fourth quarter, adjusted earnings per share between $0.09 and $0.13, and adjusted EBITDA of between $510 million and $530 million.
Basic earnings per share and diluted earnings per share were both $0.01, compared with a loss of $0.58 for the same period last year. Adjusted earnings per share were $0.07, compared to a loss of $0.58 for the same period last year.
Adjusted gross profit was US$306 million, compared to a loss of US$134 million for the same period last year; adjusted gross margin was 18% compared to -12% for the same period last year.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was US$505 million, compared to US$275 million in the same period last year, an increase of 84% over the previous year.
Looking ahead, the company expects revenue of between $1,800 million and $1,830 million for the fourth quarter, adjusted earnings per share between $0.09 and $0.13, and adjusted EBITDA of between $510 million and $530 million.
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