shares of globalfoundries inc gfs were inching about 1 higher in premarket trading tuesday after the chip manufacturer topped expectations with its latest earnings and revenue figures while issuing an upbeat profit forecast the company notched net income of 336 million or 61 cents a share compared with 5 million or 1 cent a share in the yearearlier quarter on an adjusted basis globalfoundries earned 67 cents a share up from 7 cents a share in the yearbefore quarter while analysts tracked by factset were anticipating 62 cents a share revenue increased to 207 billion from 170 billion whereas the factset consensus was for 205 billion for the fourth quarter globalfoundries executives anticipate 205 billion to 210 billion in revenue along with 124 to 144 in adjusted earnings per share the factset consensus was for 209 billion in revenue and 105 in adjusted eps the stock has declined 13 so far this year as the sp 500 spx has fallen 20