Tower Semiconductor earnings beat by $0.03, revenue fell short of estimates

Tower Semiconductor (NASDAQ: TSEM ) reported third quarter EPS of $0.57, $0.03 better than the analyst estimate of $0.54. Revenue for the quarter came in at $370.51M versus the consensus estimate of $370.63M. Guidance



Tower Semiconductor sees Q4 2024 revenue of $387.00M versus the analyst consensus of $380.10M.





Tower Semiconductor's stock price closed at $43.10. It is up 7.72% in the last 3 months and up 61.48% in the last 12 months.

Tower Semiconductor saw 2 positive EPS revisions and 2 negative EPS revisions in the last 90 days. See Tower Semiconductor's stock price’s past reactions to earnings here.

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

Check out Tower Semiconductor's recent earnings performance , and Tower Semiconductor's financials here.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Source: Investing.com