Tower Semiconductor Reports Q4 Earnings of $55.1 Million
MIGDAL HAEMEK, Israel, Jan. 30, 2023 -- Tower Semiconductor Ltd. (TSEM) today announced its financial results for the fourth quarter of 2022.
Key Highlights:
* Earnings: $55.1 million, or 49 cents per share
* Adjusted Earnings: 59 cents per share
* Revenue: $387.2 million
* Full-Year 2022 Results:
* Profit: $207.9 million, or $1.85 per share
* Revenue: $1.44 billion
Outlook:
* Tower Semiconductor anticipates revenue between $358 million for the current quarter ending March 2023.
Additional Information:
* Zacks Investment Research provides a comprehensive analysis of TSEM's stock performance.
* Access the full Zacks report on TSEM at: https://www.zacks.com/ap/TSEM