Tower Semi (TSEM) Tops Q3 EPS by 25c

Tower Semi (NASDAQ: TSEM) reported Q3 EPS of $0.58, $0.25 better than the analyst estimate of $0.33. Revenue for the quarter came in at $226 million versus the consensus estimate of $226.2 million.

Fourth Quarter Guidance

TowerJazz expects revenues for its 2014 fourth quarter ending December 31, 2014 to be $235 million with an upward or downward range of 5%. Mid-range guidance represents 75% year over year growth. This forecast demonstrates full replacement of previous Nishiwaki revenues through non-Panasonic organic growth at higher margins.

For earnings history and earnings-related data on Tower Semi (TSEM) click here.

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