TowerJazz (TSEM) Tops Q3 EPS by 17c

TowerJazz (NASDAQ: TSEM) reported Q3 EPS of $0.58, $0.17 better than the analyst estimate of $0.41. Revenue for the quarter came in at $326 million versus the consensus estimate of $325 million.

Cash and short-term deposits as of September 30, 2016 were $363 million, as compared with $311 million as of June 30, 2016. The main cash activities during the third quarter of 2016 were comprised mainly of the following: $86 million cash generated from operations; $22 million from exercise of warrants and options; $9 million debt received, net; investments of $55 million in fixed assets, net; and investment of $12 million in long term deposits.

For earnings history and earnings-related data on TowerJazz (TSEM) click here.

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