Tower Semiconductor Q2 2024 Adj EPS $0.53 Beats $0.45 Estimate, Sales $351.181M Beat $350.075M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor reported Q2 2024 adjusted EPS of $0.53, beating the estimate of $0.45. Sales were $351.181 million, surpassing the estimate of $350.075 million.
July 24, 2024 | 11:03 am
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Tower Semiconductor's Q2 2024 results exceeded expectations with adjusted EPS of $0.53 and sales of $351.181 million, both beating estimates.
The company's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term as it indicates strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100