TowerJazz (TSEM) Tops Q1 EPS by 12c

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Go back to TowerJazz (TSEM) Tops Q1 EPS by 12c

TowerJazz Reports Increase in Revenue, EBITDA and Net Profit for the First Quarter of 2016

May 9, 2016 6:30 AM EDT

MIGDAL HAEMEK, Israel, May 09, 2016 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM) (TASE: TSEM) today reported results for the first quarter of 2016 ended March 31, 2016.

2016 First Quarter Financial Highlights

Record revenues of $278 million, representing 23% year over year growth and 9% quarter over quarter growth;Net profit of $66 million, including net gain from acquisition of the San Antonio facility of $41 million;Excluding such gain, net profit is $25 million, as compared with $22 million in the previous quarter, representing 12% quarter over quarter... More