Tower Semiconductor Reports 2024 First Quarter Financial Results [Yahoo! Finance]
Tower Semiconductor Ltd. - Ordinary Shares (TSEM)
Last tower semiconductor ltd. - ordinary shares earnings: 2/18 04:06 am
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Source: Yahoo! Finance
First Quarter of 2024 Results Overview Revenue for the first quarter of 2024 was $327 million as compared to $352 million for the fourth quarter of 2023. Revenue for the first quarter of 2023 was $356 million. Gross profit for the first quarter of 2024 was $73 million as compared to $84 million for the fourth quarter of 2023. Gross profit for the first quarter of 2023 was $96 million. Operating profit for the first quarter of 2024 was $34 million, as compared to $45 million in the fourth quarter of 2023. Operating profit for the first quarter of 2023 was $89 million and included $32 million restructuring income, net from the previously disclosed reorganization and restructure of our Japan operations during 2022. Net profit for the first quarter of 2024 was $45 million, or $0.40 basic and diluted earnings per share, as compared to net profit of $54 million, or $0.49 basic and $0.48 diluted earnings per share for the fourth quarter of 2023. Net profit in the first quarter of 20
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News
- Tower Semiconductor Ltd. (NASDAQ:TSEM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Tower Semiconductor Ltd. (NASDAQ: TSEM) had its price target raised by analysts at Craig Hallum from $40.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
- Tower Semiconductor Ltd. (NASDAQ: TSEM) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.MarketBeat
- Tower Semiconductor Ltd. (NASDAQ: TSEM) was upgraded by analysts at Susquehanna from a "neutral" rating to a "positive" rating. They now have a $55.00 price target on the stock, up previously from $36.00.MarketBeat
- Tower Semiconductor Reports 2024 First Quarter Financial ResultsGlobeNewswire
TSEM
Earnings
- 5/9/24 - Beat
TSEM
Sec Filings
- 5/9/24 - Form 6-K
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- TSEM's page on the SEC website