WASHINGTON (dpa-AFX) - While reporting financial results for the fourth quarter on Wednesday, Tower Semiconductor Ltd. (TSEM) said it expects revenues for the first quarter to be $412 million, with an upward or downward range of 5 percent, reflecting revenue growth 15 percent year-over-year.
On average, four analysts polled expect the company to report revenues of $408.38 million for the quarter.
In Wednesday's pre-market trading, TSEM is trading on the Nasdaq at $142.03, up $5.46 or 4.00 percent.
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