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Why Shares of Tower Semiconductor Jumped 16% Last Month [The Motley Fool]

TOWER SEMICONDUCTOR (TSEM)  More Company Research Source: The Motley Fool
Last tower semiconductor earnings: 5/7 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.towerjazz.com
PDF Strong orders in the first quarter, an earnings beat, and expectations for more growth in 2017 led to investor optimism in May. Chris Neiger ( TMFNewsie ) Jun 14, 2017 at 4:52PM What happened Shares of Tower Semiconductor ( NASDAQ:TSEM ) jumped just over 16.6% in May, according to data from S&P Global Market Intelligence , after the  analog integrated circuit manufacturer easily beat analysts estimates for its first quarter.  Image source: Tower Semiconductor. So what "The first quarter demonstrated a strong year over year growth," said CEO Russell Ellwanger in a press release. "We are executing well within each of our targeted analog application markets." He also said demand was higher than expected in the company's high-margin business areas, which likely led to the earnings beat.  Analysts were expecting non-GAAP earnings of $0.43 [Read more]

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