Movement Alert｜Tower Semiconductor Intraday Rise 5.08% in Regular Trading, earnings optimism and bullish analyst views support shares

Market Focus10-26

On October 26, Tower Semiconductor rose 5.08% in Regular Trading, trading at $175.945 per share, with turnover of $165 million.

The move was accompanied by upbeat expectations ahead of the company’s November 2 earnings release and continued constructive analyst sentiment.

Market expectations indicate quarterly revenue may grow 32.03% year over year, with expected EPS of $0.98. In the prior quarter, Tower Semiconductor reported revenue of $460 million, up 23.66% year over year, adjusted EPS of $0.88, up 76.00%, gross margin of 29.95%, and net profit attributable to shareholders of $90.769 million. Additional support has come from recent positive coverage, including Buy or Overweight initiations and price targets above current trading levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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