GlobalFoundries Inc (NASDAQ:GFS) stock gained after it reported its quarterly earnings Tuesday. The company’s fiscal first-quarter 2024 revenue declined 16% year-on-year to $1.55 billion, beating the analyst consensus estimate of $1.52 billion. The semiconductor manufacturer’s adjusted EPS of $0.31 beat the analyst consensus estimate of $0.23.  The adjusted gross margin declined by 240 bps to 26.1%, and the adjusted operating margin decreased by 560 bps to 12.1%. The adjusted EBITDA margin improved by 160 bps Y/Y to 37.2%.  GFS generated $488 million in operating cash flow and held $4.2 billion in ...