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Tower Semiconductor Beats Q3 Earnings and Revenue Estimates

Associated Press +6 · ·by G4L

TSEM
TSEM Tower Semiconductor Ltd
$137.34 +4.85%
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  1. 1Tower Semiconductor Ltd. recorded a Q3 profit of $120.3 million.
  2. 2Tower Semiconductor Ltd. reported Q3 earnings per share of $1.05.
  3. 3Revenue for the quarter ending in December is expected to be in the $600 million range.

So what's the key point?

Tower Semiconductor Ltd. earned more money in the third quarter than experts expected. The company reported a profit of $120.3 million, resulting in a strong performance.

Source Associated Press +6 · View original ↗

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