Tower Semiconductor Ltd (NASDAQ: TSEM) reported Q1 EPS of $0.81, $0.51 better than the analyst estimate of $0.30. Revenue for the quarter came in at $132.7 million versus the consensus estimate of $133.25 million.

On a non-GAAP basis, 2014 first quarter net profit was $19.5 million, three times higher than the net income of $6.5 million reported in the first quarter of 2013. The net margin improved from 6% of revenues in the first quarter of 2013 to 15% in the first quarter of 2014.

For earnings history and earnings-related data on Tower Semiconductor Ltd (TSEM) click here.