Israeli chipmaker Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) missed on income however beat the analysts on revenue within the fourth quarter of 2021. The corporate didn’t present steering, after reporting earlier within the week that it’s being acquired by Intel for $5.8 billion (at an enterprise worth of $5.4 billion).
Income was $412 million within the fourth quarter of 2021, up 5.7% from the corresponding quarter of 2020. GAAP internet revenue was $51.7 million within the fourth quarter, up from 39.1 million within the corresponding quarter of 2020. Non-GAAP) internet revenue within the fourth quarter of 2021 was $61.1 million, up 35.6% from the corresponding quarter of 2020. Earnings per share was $0.55.
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Tower’s income in 2021 was $1.5 billion, up 19.2% from 2020. Internet revenue for the complete yr of 2021 was $150 million, up from $82.3 million in 2020.
Tower’s share worth rose 0.42% on Wall Avenue yesterday to $47.27, giving a market cap of $5.12 billion.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 17, 2022.
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