GLOBALFOUNDRIES Inc

GFS: XNAS (USA)
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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.

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