07:38 AM EST, 11/13/2024 (MT Newswires) -- Tower Semiconductor ( TSEM ) reported Q3 adjusted earnings Wednesday of $0.57 per diluted share, up from $0.54 a year earlier.

Three analysts polled by Capital IQ expected $0.53.

Revenue for the quarter ended Sept. 30 was $370.5 million, up from $358.2 million a year earlier.

Three analysts surveyed by Capital IQ expected $370 million.

Tower Semiconductor ( TSEM ) said it expects Q4 revenue of $387 million, plus or minus 5%. Three analysts analysts polled by Capital IQ expect $380.1 million.

The company's shares were up 7.5% in recent Wednesday premarket activity.

Price: 46.32, Change: +3.22, Percent Change: +7.47