Tower Semiconductor Ltd. (USA) (TSEM) Releases Earnings Results, Beats Expectations By $0.10 EPS

Tower Semiconductor Ltd. (USA) (TSEM) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.35. The company posted revenue of $305.00 million in the period, compared to analysts expectations of $300.00 million. The company’s revenue was up 29.5% compared to the same quarter last year.

Tower Semiconductor Ltd. (USA) closed down -0.295 points or -2.14% at $13.495 with 3,30,852 shares getting traded on Tusday. Post opening the session at $13.53, the shares hit an intraday low of $13.46 and an intraday high of $13.71 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. It manufactures semiconductors for its customers primarily based on third-party designs. It offers the process manufacture geometries of 0.35 0.50 0.55 0.60 0.80-micron and above on 150 millimeter wafers and 0.35 0.18. 0.16 0.13 and 0.11-micron on 200 millimeter wafers and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and complementary technical services. Its ICs are incorporated into a range of products in markets including consumer electronics personal computers communications automotive industrial and medical device products.

Tower Semiconductor Ltd. (USA)

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