Tower Semiconductor Ltd. (NASDAQ:TSEM) independent semiconductor foundry, is reporting third quarter earnings results on Thursday 12th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.18 per share.
For the full year, analysts predict revenues of $ 1244.82 million, while looking forward to income of $ 0.85 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 320.00 million ~ $ 320.00 million
Click Here For More Historical Outlooks Of Tower Semiconductor Ltd.
Previous Quarter Performance
Tower Semiconductor Ltd. disclosed income for the second quarter of $ 0.22 per share, from the revenue of $ 310.09 million. The quarterly earnings dropped 8.33 percent while revenues developed 2.29 percent compared with the same quarter last year.
Street analysts expected Tower Semiconductor Ltd. to report income of $ 0.23 per share on revenue of $ 310.01 million for the second quarter. The bottom line results missed street analysts by $ 0.01 or 4.35 percent, at the same time, top line results outshined analysts by $ 0.08 million or 0.03 percent.
Stock Performance
Shares of Tower Semiconductor Ltd. traded up $ 0.70 or 3.13 percent on Wednesday, reaching $ 23.07 with volume of 546.60 thousand shares. Tower Semiconductor Ltd. has traded high as $ 23.28 and has cracked $ 22.59 on the downward trend
The closing price of $ 23.07, representing a 84.42 % increase from the 52 week low of $ 12.13 and a 13.29 % decrease over the 52 week high of $ 25.80.
The company has a market capital of $ 2.53 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
Tower Semiconductor Ltd. will be hosting a conference call at 10:00 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-888-642-5032 U.S. or +972-3-918-0644 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.towerjazz.com
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The company also offers transfer optimization and development process services to integrated device manufacturers and fabless companies.
