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Tower Semiconductor Ltd (TSEM.OQ)

TSEM.OQ on NASDAQ Stock Exchange Global Select Market

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Thu, Feb 22 2018

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Israeli chipmaker TowerJazz profit up, first quarter guidance misses forecast

TEL AVIV Israeli chip maker TowerJazz reported higher-than-expected fourth quarter net profit on Thursday but its guidance for revenues in the first quarter was lower than forecasts, sending its shares down.

UPDATE 1-Israeli chipmaker TowerJazz profit up, Q1 guidance misses forecast

* Company expects 2018 revenue to surpass 2017 (Adds comments from CEO, details, share reaction)

BRIEF-Towerjazz Q4 Earnings Per Share $1.40

* REPORTS FISCAL YEAR 2017 RECORD RESULTS IN REVENUES, GROSS PROFIT, OPERATING PROFIT, EBITDA, NET PROFIT, CASH FROM OPERATIONS AND FREE CASH FLOW

Israeli chipmaker TowerJazz Q4 profit, revenue up

TEL AVIV, Feb 22 Israeli chip manufacturer TowerJazz on Thursday reported higher quarterly net profit that beat expectations and forecast growth throughout 2018.

UPDATE 1-TowerJazz sets $3.5 bln long-term annual revenue target

JERUSALEM, Nov 30 Israeli chipmaker TowerJazz has told analysts it has set a long-term annual revenue target of $3.5 billion as it sees growing demand for chips used in cars and sensors, the company said on Thursday.

UPDATE 1-Japan royalties help to drive profits higher for TowerJazz

* Boosted by revenue from partnerships (Adds comments from CEO, analyst, details, share reaction)

Israeli chipmaker TowerJazz Q3 profit up more than forecast

TEL AVIV, Nov 7 Israeli chip manufacturer TowerJazz reported higher quarterly net profit that topped estimates on Tuesday and forecast an 11 percent rise in 2017 full-year revenue.

BRIEF-Towerjazz and Yuanchen Microelectronics announce partnership for Backside Illumination manufacturing in Changchun, China

* Towerjazz and Yuanchen Microelectronics announce partnership for Backside Illumination (BSI) manufacturing in Changchun, China

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