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Tower Semiconductor: 3Q Earnings Snapshot

November 13, 2019

MIGDAL HAEMEK, Israel (AP) _ Tower Semiconductor Ltd. (TSEM) on Wednesday reported third-quarter profit of $22.2 million.

The Migdal Haemek, Israel-based company said it had net income of 21 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 25 cents per share.

The chipmaker posted revenue of $312.1 million in the period.

For the current quarter ending in December, Tower Semiconductor said it expects revenue in the range of $312 million.

Tower Semiconductor shares have climbed 56% since the beginning of the year. The stock has climbed 61% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSEM at https://www.zacks.com/ap/TSEM