Categories Earnings, Technology

Tower Semiconductor (TSEM): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— 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.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

IPO Alert: Here’s what to look for when CaliberCos goes public

The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is

CarMax (KMX) Stock: Does the current dip offer a buying opportunity?

The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with

Ultimax Digital gears up for $10mln IPO. Here’s all you need to know

The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top