Tower Semiconductor Q2 EPS $0.46 Misses $0.49 Estimate, Sales $357.20M Beat $354.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor reported Q2 earnings of $0.46 per share, missing the analyst consensus estimate of $0.49 by 6.12%. This is a 13.21% decrease from the same period last year. However, the company's quarterly sales of $357.20 million beat the analyst consensus estimate of $354.53 million by 0.75%, despite being a 16.18% decrease from last year.
July 26, 2023 | 11:03 am
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Tower Semiconductor's Q2 earnings per share missed estimates, while sales beat estimates. This mixed result could lead to uncertainty in the market.
Tower Semiconductor's Q2 earnings per share missed the analyst consensus estimate, which could negatively impact investor sentiment. However, the company's sales beat estimates, which could offset some of the negative sentiment. The mixed results could lead to uncertainty in the market, potentially impacting the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100