MIGDAL HAEMEK, Israel (AP) — MIGDAL HAEMEK, Israel (AP) — Tower Semiconductor Ltd. (TSEM) on Monday reported earnings of $46.6 million in its second quarter.
The Migdal Haemek, Israel-based company said it had net income of 41 cents per share. Earnings, adjusted for stock option expense, came to 50 cents per share.
The chipmaker posted revenue of $372.1 million in the period.
For the current quarter ending in September, Tower Semiconductor said it expects revenue in the range of $395 million.
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