Tower Semiconductor reported its fourth quarter earnings for 2024, revealing revenues of $387 million, which marks a 5% increase from the previous quarter and a 10% increase year over year. The adjusted earnings per share (EPS) for the quarter stood at $0.59, surpassing analyst expectations of $0.52. Sales also exceeded estimates of $387.13 million, coming in at $387.19 million. Despite these positive results, the stock experienced a decline of 5.2% in pre-market trading, attributed to a disappointing outlook for the future, despite a gross profit of $86.8 million.