US Stocks Move | GlobalFoundries rises nearly 6% pre-market as Q4 results beat expectations and plans to repurchase up to $500 million in shares

Glonghui, February 11｜Chip manufacturer a certain exchange rose nearly 6% in pre-market trading, quoted at $44.4. In terms of news, the certain exchange's revenue for the fourth quarter of last year was $1.83 billions, slightly higher than analysts' expectations of $1.8 billions; adjusted earnings per share were $0.55, exceeding analysts' expectations of $0.47. Looking ahead to the first quarter of this year, the company expects revenue to be between $1.6 billions and $1.65 billions, and adjusted earnings per share to be between $0.3 and $0.4, while analysts' expectations are $1.61 billions and $0.35, respectively. In addition, the company's board of directors approved a stock repurchase plan of up to $500 millions.