Drexel Hamilton Reiterates Bullish View TowerJazz (TSEM) Following Solid Q3

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Go back to Drexel Hamilton Reiterates Bullish View TowerJazz (TSEM) Following Solid Q3

TowerJazz Reports Record Revenues for the Third Quarter of 2015 With Continued Increase in Net Profit and Margins

November 11, 2015 6:00 AM EST

Year Over Year Organic Revenue Increase of 23%;

Provides Fourth Quarter Guidance of Continuous Growth, Surpassing $1 Billion Annualized Run Rate

MIGDAL HA'EMEK, Israel, Nov. 11, 2015 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM) (TASE: TSEM) today reported results for the third quarter of 2015 ended September 30, 2015.

Highlights

Third quarter 2015 record revenues of $244 million with year over year organic growth of 23% and nine months year over... More