Tower Semiconductor (TSEM) reported Q1 adjusted earnings Wednesday of $0.45 per share, down from $0.46 a year earlier.
Analysts surveyed by FactSet expected $0.38.
Revenue for the quarter ended March 31 was $358.2 million, up from $327.2 million a year earlier.
Analysts surveyed by FactSet expected $358.1 million.
The company expects Q2 revenue of approximately $372 million. Analysts surveyed by FactSet expect $371.3 million.
Shares of the company were down 1% in recent Wednesday premarket activity.
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