GLOBALFOUNDRIES Inc. provided earnings guidance for the second quarter of 2024. For the quarter, the company expects Net revenue of $1,590 million - $1,640 million, Operating profit of $94 million - $168 million, Net income of $78 million - $146 million, Net income margin (mid-point) of 6.9%, and Diluted EPS of $0.14 - $0.26.
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- GLOBALFOUNDRIES Inc. Provides Earnings Guidance for the Second Quarter of 2024