Tower Semiconductor (TSEM) Reports Q4 EPS of $1.40

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Go back to Tower Semiconductor (TSEM) Reports Q4 EPS of $1.40

TowerJazz Reports Fiscal Year 2017 Record Results in Revenues, Gross Profit, Operating Profit, EBITDA, Net Profit, Cash from Operations and Free Cash Flow

February 22, 2018 4:15 AM EST

MIGDAL HAEMEK, Israel, Feb. 22, 2018 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM) (TASE: TSEM) reported today its results for the fourth quarter and full year ended December 31, 2017.

Highlights of the Full Year 2017:

Record revenues of $1.39 billion, up 11% year over year; Organic revenues up 23% year over year. Record EBITDA of $425 million, up 16% year over year;Record net profit of $298 million, as compared to $204 million for the full year of 2016;Record free... More