TowerJazz Announces Second Quarter 2016 Results: Record Revenue of $305 million with Year over Year Growth of 29%, Increased Margins and Net Profit

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Go back to TowerJazz Announces Second Quarter 2016 Results: Record Revenue of $305 million with Year over Year Growth of 29%, Increased Margins and Net Profit

Drexel Hamilton Reiterates Buy on Tower Semiconductor (TSEM) Following Positive 2Q Report

August 5, 2016 7:01 AM EDT

Drexel Hamilton reiterated a Buy rating and $28.00 price target on Tower Semiconductor (NASDAQ: TSEM) following the company's 2Q earnings report. Sales grew 10% sequentially and 29% year-over-year. Adjusted EPS was $0.39, vs the consensus of $0.35. Q3 guidance is for another 6.5% of sequential growth to a mid-point of $325... More