Tower Semiconductor (NASDAQ:TSEM) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.53 by 7.55 percent. This is a 5.56 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $370.51 million which beat the analyst consensus estimate of $370.32 million by 0.05 percent. This is a 3.45 percent increase over sales of $358.17 million the same period last year.