Tower Semiconductor Reports First Quarter 2021 Double Digit Year over Year Revenue Growth
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Tower Semiconductor (TSEM) Reports In-Line Q1 EPS, Revenues Beat; Offers 2Q Revenues Guidance Above Consensus
May 12, 2021 7:04 AM EDTTower Semiconductor (NASDAQ: TSEM) reported Q1 EPS of $0.31, in-line with the analyst estimate of $0.31. Revenue for the quarter came in at $347 million versus the consensus estimate of $345.2 million.
First Quarter of 2021 Highlights
Revenues of $347 million, reflecting year over year 21% organic growth and 16% total growth.Significant year over year increases in gross profit, operating profit and net profit.Guides... More