Tower Semiconductor (TSEM) Misses Q4 EPS by 3c, Revenues Miss; Provides Q1 Revenue Outlook
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TowerJazz Reports Full Year 2019 Results with 5% Organic Revenue Growth; Expects Revenue Growth for 2020
February 18, 2020 4:06 AM ESTFull Year 2019 Revenues of $1.23 Billion Resulting in Positive Cash from Operations of $291 Million and Free Cash Flow of $119 Million
MIGDAL HAEMEK, Israel, Feb. 18, 2020 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM & TASE: TSEM) reported today its results for the full year and for the fourth quarter ended December 31, 2019.
Full Year Results Overview:Revenues for 2019 were $1.23 billion as compared to $1.30 billion in 2018, reflecting $111 million non-organic revenue reduction (mainly as a result of the March 2019 announced... More
