Tower Semiconductor (TSEM) Tops Q1 EPS by 2c; Guides Q2 Revs Above Views

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Go back to Tower Semiconductor (TSEM) Tops Q1 EPS by 2c; Guides Q2 Revs Above Views

TowerJazz Reports First Quarter 2017 Results: Record Free Cash Flow Resulting from Strong Year over Year Growth in Revenue and Margins

May 8, 2017 6:15 AM EDT

MIGDAL HAEMEK, Israel, May 08, 2017 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM) (TASE: TSEM) today reported its results for the first quarter ended March 31, 2017.

Highlights of the First Quarter of 2017

Revenues of $330 million, up 19% year over year;Gross profit of $85 million, up 38% year over year;Operating profit of $53 million, up 71% year over year;EBITDA of $101 million, up 30% year over year;Net profit of $46 million, up 83% year over year (excluding San Antonio acquisition... More