Tower Semiconductor poised for Q1 earnings beat on strong industry trends: Wedbush

Tower Semiconductor (NASDAQ:TSEM) is set to report first quarter earnings before the market opens Wednesday, with investors expected to focus closely on the company's long-term growth outlook and management commentary around future capacity expansion. Wedbush analysts wrote that they expect the Israel-based chipmaker to meet or exceed expectations for the quarter, noting that management has historically issued conservative guidance.