Tower Semiconductor Earnings Beat Expectations at $0.03, But Profits Fall Short

According to Tower Semiconductor's (NASDAQ: TSEM) report, third-quarter earnings per share were $0.57, which is $0.03 better than analysts' expectations of $0.54. The reported earnings for this quarter were determined to be $370.51 million, while analyst expectations were $370.63 million.

For the fourth quarter of 2024, Tower Semiconductor's earnings are estimated at $387.00 million, compared to analyst forecasts of $380.10 million.

Tower Semiconductor's stock closed the day at $43.10, indicating a 7.72% increase over the past three months. Over the last 12 months, the stock has gained 61.48%.

In the last 90 days, Tower Semiconductor has seen 2 positive earnings per share results and 2 negative earnings per share results.

The financial health score for Tower Semiconductor is rated as "Good performance."

You can view the latest earnings reports and all of the company’s financial information here. Stay updated on all developments regarding financial statements by visiting the Earnings Calendar.