Market Overview

Tower Semiconductor: Q3 Earnings Insights

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Shares of Tower Semiconductor (NASDAQ:TSEM) decreased 1.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 28.00% over the past year to $0.18, which were in line with the estimate of $0.18.

Revenue of $310,212,000 decreased by 0.61% year over year, which beat the estimate of $309,670,000.

Guidance

Tower Semiconductor hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 12, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/7o9872mw

Price Action

52-week high: $25.80

Company's 52-week low was at $12.13

Price action over last quarter: Up 7.46%

Company Profile

Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a variety of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.

 

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Posted-In: Earnings News