Tower Semiconductor Expects Q2 Revenue of $350M+/-5% Vs $334.84M Est
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor projects its Q2 2024 revenue to reach $350 million, allowing for a variance of 5% either way. This forecast surpasses the estimated revenue of $334.84 million.
May 09, 2024 | 11:15 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tower Semiconductor expects its Q2 2024 revenue to be around $350 million, exceeding the analysts' expectations of $334.84 million.
The positive revenue forecast from Tower Semiconductor for Q2 2024, which is higher than the market expectations, is likely to instill confidence among investors and could lead to a short-term increase in the stock price. The announcement directly impacts TSEM's market perception, potentially making it more attractive to investors looking for growth opportunities.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100