Tower Semiconductor: 3Q Earnings Snapshot
MIGDAL HAEMEK, Israel (AP) _ Tower Semiconductor Ltd. (TSEM) on Thursday reported third-quarter net income of $15.2 million.
On a per-share basis, the Migdal Haemek, Israel-based company said it had profit of 14 cents. Earnings, adjusted for stock option expense and amortization costs, came to 18 cents per share.
The chipmaker posted revenue of $310.2 million in the period.
For the current quarter ending in December, Tower Semiconductor said it expects revenue in the range of $340 million.
Tower Semiconductor shares have fallen 4% since the beginning of the year. The stock has risen slightly more than 1% in the last 12 months.