Tower Semiconductor Expects Q3 Revenue Of $370M+/-5% Vs $369.9M Est
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor has provided revenue guidance for Q3 2024, expecting $370 million with a possible variation of 5%. This reflects both year-over-year and quarter-over-quarter growth.
July 24, 2024 | 11:05 am
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Tower Semiconductor has guided Q3 2024 revenue to be $370 million, with a possible variation of 5%. This guidance indicates both year-over-year and quarter-over-quarter growth.
The revenue guidance of $370 million, with a possible variation of 5%, suggests positive growth trends for Tower Semiconductor. This is likely to boost investor confidence and positively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100