Tower Semiconductor (TSEM) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus
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Tower Semiconductor Reports First Quarter 2020 with Year over Year Organic Revenue Growth
May 13, 2020 7:30 AM EDTRevenues of $300 Million; Cash from Operations of $68 Million, EBITDA of $73 Million and Net Profit of $17 Million
Guides Second Quarter Sequential Revenue Growth
MIGDAL HAEMEK, Israel, May 13, 2020 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reported today its results for the first quarter ended March 31, 2020.
First Quarter Results Overview
Revenues for the first quarter of 2020 were $300 million, reflecting 10% year over year organic revenue growth (organic revenues... More
