Tower Semiconductor (TSEM) Tops Q1 EPS by 2c; Guides Q2 Revs Above Views

May 8, 2017 6:17 AM EDT
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Price: $27.29 +2.44%

EPS Growth %: +55.0%

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Tower Semiconductor (NASDAQ: TSEM) reported Q1 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $330 million versus the consensus estimate of $330 million.

  • Revenues of $330 million, up 19% year over year;
  • Gross profit of $85 million, up 38% year over year;
  • Operating profit of $53 million, up 71% year over year;
  • EBITDA of $101 million, up 30% year over year;
  • Net profit of $46 million, up 83% year over year (excluding San Antonio acquisition gain);
  • Record free cash flow of $42 million with cash from operations of $82 million;
  • Second quarter revenue guidance with mid-range of $345 million, up 13% year over year; targeting continued growth throughout the year. (*** consensus is $339.87 million)

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

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