Tower Semiconductor (TSEM) Reports In-Line Q1 EPS, Revenues Beat; Offers 2Q Revenues Guidance Above Consensus
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Tower Semiconductor Reports First Quarter 2021 Double Digit Year over Year Revenue Growth
May 12, 2021 7:00 AM EDTMIGDAL HAEMEK, Israel, May 12, 2021 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the first quarter ended March 31, 2021.
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 mid-range revenue for the second quarter of 2021 of $360 million, which represents a company record quarterly revenue, demonstrating 26% year over year organic growth and 16% total growth.Standard & Poors... More