Tower Semiconductor Reports 2024 First Quarter Financial Results
MIGDAL HAEMEK, Israel, May 09, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the first quarter ended March 31, 2024.
- MIGDAL HAEMEK, Israel, May 09, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the first quarter ended March 31, 2024.
- Revenue for the first quarter of 2024 was $327 million as compared to $352 million for the fourth quarter of 2023.
- Operating profit for the first quarter of 2024 was $34 million, as compared to $45 million in the fourth quarter of 2023.
- Tower Semiconductor guides revenue for the second quarter of 2024 to be $350 million, with an upward or downward range of 5%.