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Why Are GlobalFoundries Shares Trading Higher Today?

GlobalFoundries Inc (NASDAQ: GFS) reported a third-quarter FY23 revenue decline of 11% year-on-year to $1.852 billion, beating the consensus of $1.849 billion.

The semiconductor manufacturer's adjusted EPS of $0.55 beat the consensus of $0.49

The adjusted gross margin declined by 70 bps to 29.2%, ...

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