TowerJazz Reports First Quarter 2017 Results: Record Free Cash Flow Resulting from Strong Year over Year Growth in Revenue and Margins
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Tower Semiconductor (TSEM) PT Raised to $35 at Needham & Company
May 8, 2017 1:57 PM EDTNeedham & Company raised its price target on Tower Semiconductor (NASDAQ: TSEM) to $35.00 (from $30.00) while maintaining a Strong Buy rating. Tower Jazz reported 1Q revenue of $330M, up 19% Y/Y, Non-GAAP EPS came in at $0.49 vs. estimates of $0.40, and Non-GAAP gross margins for the... More
Tower Semiconductor (TSEM) Tops Q1 EPS by 2c; Guides Q2 Revs Above Views
May 8, 2017 6:17 AM EDTTower Semiconductor (NASDAQ: TSEM) reported Q1 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $330 million versus the consensus estimate of $330 million.
Revenues of $330 million, up 19% year over year;Gross profit of $85 million, up 38%... More