Benzinga | Jul 29, 2020 07:19AM EDT

Tower Semiconductor Q2 EPS $0.18 Misses $0.23 Estimate, Sales $310.00M Miss $310.01M Estimate

Tower Semiconductor (NASDAQ:TSEM) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.23 by 21.74 percent. This is a 25 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $310.00 million which missed the analyst consensus estimate of $310.01 million by 0 percent. This is a 1.29 percent increase over sales of $306.06 million the same period last year.