Tower Semiconductor Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 358.17 million compared to USD 427.09 million a year ago. Net income was USD 342.06 million compared to USD 69.14 million a year ago. Basic earnings per share from continuing operations was USD 3.1 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 3.07 compared to USD 0.62 a year ago.
For the nine months, sales was USD 1,070.97 million compared to USD 1,274.39 million a year ago. Net income was USD 464.65 million compared to USD 181.25 million a year ago. Basic earnings per share from continuing operations was USD 4.22 compared to USD 1.66 a year ago. Diluted earnings per share from continuing operations was USD 4.18 compared to USD 1.64 a year ago.