TowerJazz (TSEM) Tops Q4 EPS by 25c, Q1 Revenue Guidance Tops Views

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TowerJazz Provides 2016 Growth Outlook; Built Upon 2015 Notable Increases in Record Revenues with the Associated Margins and Net Profit

February 24, 2016 6:45 AM EST

MIGDAL HAEMEK, Israel, Feb. 24, 2016 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM) (TASE: TSEM) today reports results for the fourth quarter and full year of 2015 ended December 31, 2015.

Highlights

Record results for the fourth quarter of 2015: Revenues at a record of $255 million, crossing the $1 billion annual run rate, with 8% growth as compared to the fourth quarter of 2014, including 21% organic growth (i.e excluding revenues from Panasonic);Net profit of $22 million in the fourth quarter, compared with $0.6 million  in... More