https://www.investors.com/news/technology/gfs-stock-globalfoundries-q1-2024-earnings/
6 replies (most recent on top)
@1zas+1spnRsHA & @1ptb+1spnRsHA
You guys got it. This isn’t really a win
It's because they, or analysts, expected 50% drop and sales falling 20% it's considered tremendously amazing.
Basically, this is like a student thinking she/he was going to get an "F" grade in a class and ending up with a "D-" ...... woohoo let's all celebrate NOT!! Earnings declining 40% and sales falling 16% is nothing to celebrate. The start of a massive decline/fall for GF is happening.
I would have failed if this CFO helped with my math homework
"However, on a year-over-year basis, GlobalFoundries earnings declined 40% while sales fell 16%."
Great News! Onward, team!