Tower Semiconductor (NASDAQ:TSEM) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.56 by 16.07 percent. This is a 44.44 percent increase over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $413.631 million which beat the analyst consensus estimate of $410.979 million by 0.65 percent. This is a 15.48 percent increase over sales of $358.170 million the same period last year.