Tower Semiconductor Stock Rises On Beat-And-Raise Earnings Report

TL;DR

Tower Semiconductor earnings beat by $0.10, revenue topped estimates Tower Semiconductor (TSEM) on Wednesday beat Wall Street's targets for the first quarter and with its outlook for the second quarter. TSEM stock jumped in early trading. The Israel-based contract chipmaker earned an adjusted 65 cents a share on sales of $413.6 million in the March quarter.