Tower Semiconductor Ltd. (NASDAQ:TSEM) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TSEM to report 2Q20 income of $ 0.23 per share.
For the full year, analysts anticipate top line of $ 1265.41 million, while looking forward to income of $ 1.03 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 294.50 million ~ $ 325.50 million
Click Here For More Historical Outlooks Of Tower Semiconductor Ltd.
Previous Quarter Performance
Tower Semiconductor Ltd. disclosed income for the first quarter of $ 0.20 per share, from the revenue of $ 300.17 million. The quarterly earnings reduced 31.03 percent while revenues declined 3.21 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.19 per share from $ 297.57 million in revenue. The bottom line results beat street analysts by $ 0.01 or 5.26 percent, at the same time, top line results outshined analysts by $ 2.60 million or 0.87 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Tower Semiconductor Ltd.
Stock Performance
According to the previous trading day, closing price of TSEM was $ 22.96, representing a 89.28 % increase from the 52 week low of $ 12.13 and a 11.01 % decrease over the 52 week high of $ 25.80.
The company has a market capital of $ 2.46 billion and is part of the Technology sector and Semiconductors industry.
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Conference Call
Tower Semiconductor Ltd. will be hosting a conference call at 10:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. 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.
