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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Tower Semiconductor Ltd (NASDAQ:TSEM) reported a fourth-quarter FY22 revenue decline of 2.2% year-on-year to $403.2 million, beating the consensus of $400.7 million. It posted a 6% organic growth.
- Gross profit was $125 million, up 25% Y/Y, mainly due to replacing contractual revenue from Arai following the cessation of its operations.
- Operating profit grew 77% Y/Y to $99 million.
- It generated $133 million in operating cash flow and held $1.01 billion in cash and equivalents.
- EPS of $0.75 beat the consensus of $0.57.
- On February 15, Intel Corp (NASDAQ:INTC) agreed to acquire Tower Semiconductor at a 60% premium. Due to its impending acquisition, Tower Semiconductor stopped providing financial guidance.
- Price Action: TSEM shares traded lower by 0.86% at $40.95 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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