07:53 AM EDT, 07/24/2024 (MT Newswires) -- Tower Semiconductor ( TSEM ) reported Q2 adjusted earnings Wednesday of $0.53 per diluted share, up from $0.52 a year earlier.

Analysts polled by Capital IQ expected $0.45.

Revenue for the quarter ended June 30 was $351.2 million, compared with $357.2 million a year earlier.

Analysts surveyed by Capital IQ expected $350.1 million.

The company expects Q3 revenue of about $370 million. Analysts polled by Capital IQ expect $369.9 million.

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