Tower Semiconductor Expects Q1 Revenue of $325M+/-5% Vs $325.12M Est
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor projects its Q1 2024 revenue to be around $325 million, allowing for a 5% variance. This forecast aligns closely with the estimated $325.12 million and aims for significant quarterly growth over the year.
February 14, 2024 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tower Semiconductor expects Q1 2024 revenue to be around $325 million, with a 5% variance, aiming for significant quarterly growth.
The company's revenue forecast closely matches analysts' expectations, indicating a stable financial outlook. The emphasis on quarter-over-quarter growth could positively influence investor sentiment, potentially leading to a short-term uptick in TSEM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90