Benzinga | May 12, 2021 07:10AM EDT

Tower Semiconductor Q1 Adj. EPS $0.31, Inline, Sales $347.21M Beat $345.20M Estimate

Tower Semiconductor (NASDAQ:TSEM) reported quarterly earnings of $0.31 per share which met the analyst consensus estimate. This is a 55 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $347.21 million which beat the analyst consensus estimate of $345.20 million by 0.58 percent. This is a 15.67 percent increase over sales of $300.17 million the same period last year.