Tower Semiconductor (TSEM): Q4 2019 Earnings Snapshot

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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.

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