GlobalFoundries reports Q4 revenue down 12% YoY to $1.85B, vs. 1.85B est., net income down 58% YoY to $278M, forecasted sales of $1.52B in Q1, vs. $1.77B est. (Patrick Seitz/Investor's Business Daily)

Patrick Seitz / Investor’s Business Daily:

GlobalFoundries reports Q4 revenue down 12% YoY to $1.85B, vs. 1.85B est., net income down 58% YoY to $278M, forecasted sales of $1.52B in Q1, vs. $1.77B est.  —  Contract chipmaker GlobalFoundries (GFS) on Tuesday delivered in-line to better-than-expected results for the fourth quarter …