Coreco (GFS.US) third-quarter performance exceeds expectations, with increased demand for automotive and communication chips driving up gross profit margins.

According to the Zhixin Finance APP, although the demand for traditional processors is not balanced, GFS (GFS.US) exceeded Wall Street's expectations in the third quarter. The financial report shows that the company's revenue in the third quarter reached 1.69 billion US dollars, a year-on-year decrease of 2.9%, exceeding expectations by 10 million US dollars; non-GAAP earnings per share were 0.41 US dollars, exceeding expectations by 0.03 US dollars.