Tower Semiconductor Reports Q3 Earnings

Investing.com – Tower Semiconductor (NASDAQ: TSEM) reported third quarter EPS of $0.57, exceeding the analyst estimate of $0.54 by $0.03. Revenue for the quarter was $370.51M, slightly below the consensus estimate of $370.63M.

Guidance

Tower Semiconductor expects Q4 2024 revenue of $387.00M, surpassing the analyst consensus of $380.10M.

The stock closed at $43.10, reflecting a 7.72% increase over the last three months and a 61.48% rise over the past year.

In the last 90 days, Tower Semiconductor experienced 2 positive and 2 negative EPS revisions. Find more details on the company's stock price reactions to earnings.

According to InvestingPro, Tower Semiconductor's Financial Health score indicates great performance.

Stay updated on upcoming earnings reports by visiting Investing.com's earnings calendar.