TowerJazz (TSEM) Tops Q2 EPS by 10c; Offers Q3 Outlook

August 4, 2016 6:20 AM EDT

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TowerJazz (NASDAQ: TSEM) reported Q2 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $305 million versus the consensus estimate of $300 million.

TowerJazz expects revenues for the third quarter of 2016 ending September 30, 2016 to be $325 million, with an upward or downward range of 5%, representing approximately 33% year over year revenue growth as compared with the third quarter of 2015 and 7% growth as compared with the second quarter of 2016.

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

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