TowerJazz (TSEM) PT Raised at Ascendiant Capital

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Tower Semiconductor Ltd (TSEM) Posts Q1 EPS of 81c

May 15, 2014 6:15 AM EDT

Tower Semiconductor Ltd (NASDAQ: TSEM) reported Q1 EPS of $0.81, $0.51 better than the analyst estimate of $0.30. Revenue for the quarter came in at $132.7 million versus the consensus estimate of $133.25 million.

On a non-GAAP basis, 2014 first quarter net profit was $19.5 million, three times higher... More