GLOBALFOUNDRIES Inc
GFS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $> | LOCK|pN | LOCK|phX$RFc |
GlobalFoundries Earnings: Share Loss in China and Timid Consumer Outlook; Valuation Cut 5%
GlobalFoundries shares cratered 9% after saying September quarter guidance is affected by high inventories in mobile and internet-of-things segments. GF's June-quarter revenue and operating margin were $1,688 million and 11.6%, up 6.5% and 208 basis points, respectively; both within guidance.
