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Wednesday, July 29, 2020

=Tower Semi (TSEM) reported earnings on Wed 29 July 20 (b/o)

Tower Semi misses by $0.05, reports revs in-line; guides Q3 revs in-line 

  • Reports Q3 (Sep) earnings of $0.18 per share, excluding non-recurring items, $0.05 worse than the S&P Capital IQ Consensus of $0.23; revenues fell 3.6% year/year to $310.9 mln vs the $310.01 mln S&P Capital IQ Consensus.
  • Co issues in-line guidance for Q3, sees Q3 revs of $304-336 mln vs. $321.88 mln S&P Capital IQ Consensus.
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