Tower Semiconductor: Q1 Earnings Snapshot

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MIGDAL HAEMEK, Israel (AP) — MIGDAL HAEMEK, Israel (AP) — Tower Semiconductor Ltd. (TSEM) on Wednesday reported earnings of $40.1 million in its first quarter.

The Migdal Haemek, Israel-based company said it had profit of 35 cents per share. Earnings, adjusted for stock option expense, were 45 cents per share.

The chipmaker posted revenue of $358.2 million in the period.

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