— Tower Semiconductor (NASDAQ: TSEM) reported Q4 2019 earnings of $0.19 per share, vs. $0.25 expected.
— Revenues fell 8% to $306 million, vs. $312 million expected.
— EBITDA was $75 million versus $93 million last year.
— Cash flow generated from operations was $72 million.
— Q1 2020 revenues are expected to be $300 million, with an upward or downward range of 5%.
— TSEM shares were down 5% in premarket hours on Tuesday.
Business consulting services provider Accenture (NYSE: ACN) reported its fourth quarter and fiscal 2020 earnings last Thursday. Accenture's failure to meet the market's earnings and revenue targets and the weak
Stock markets shifted to recovery mode as the week came to a close, with the major indices closing higher after staying in the negative territory in the past few weeks.
Renewable energy companies have been gaining attraction in the market due to the strong potential they have. Many countries are now relying mainly on renewable energy for their power consumption.