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Home » GlobalFoundries Stock Rises After the Chip Maker Reports Better-Than-Expected Earnings

GlobalFoundries Stock Rises After the Chip Maker Reports Better-Than-Expected Earnings

    GlobalFoundries stock was rising early Tuesday after the contract chip manufacturer beat expectations for its third-quarter earnings. GlobalFoundries (ticker: GFS) produces components for a range of semiconductor companies and said it continues to deal with excess inventory in some markets but its guidance indicated a market improvement. Net revenue fell 11% to $1.85 billion.

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