Drexel Hamilton Reiterates Buy on Tower Semiconductor (TSEM) Following 3Q Beat
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TowerJazz Continues Strong Performance: Announces Highest Ever Revenues, EBITDA and Free Cash Flow for the Third Quarter of 2016
November 15, 2016 6:30 AM ESTRevenues up 34% year over year; EBITDA up 54% year over year resulting in Net Profit of $51 million and Cash from Operations of $86 million
Further Revenue Growth Guided For the Fourth Quarter of 2016
MIGDAL HAEMEK, Israel, Nov. 15, 2016 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM) (TASE: TSEM) today reported results for the third quarter of 2016 ended September 30, 2016.
Highlights of the Third Quarter of 2016
Record revenues of $326... More
