Tower Semiconductor (NASDAQ:TSEM) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.38 by 18.42 percent. This is a 2.17 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $358.17 million which beat the analyst consensus estimate of $358.15 million by 0.01 percent. This is a 9.45 percent increase over sales of $327.24 million the same period last year.