Tower Semiconductor Ltd (TSEM) Posts Startling Q4 Loss

February 27, 2014 6:54 AM EST
Tower Semiconductor Ltd (NASDAQ: TSEM) reported Q4 EPS of ($0.62), $0.79 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $134.6 million versus the consensus estimate of $126.2 million.

On an adjusted non-GAAP basis, net income for the quarter was $19 million or 14 percent net profit margins, significantly higher than the $12 million and 9 percent in the previous quarter.

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

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