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Stock impact report

TowerJazz Reports Full Year 2018 Results: Revenue of $1.3 Billion, Cash from Operations of $313 Million, Resulting in Net Profit of $136 million and EPS of $1.35

Tower Semiconductor Ltd. - Ordinary Shares (TSEM) 
Last tower semiconductor ltd. - ordinary shares earnings: 2/18 04:06 am Check Earnings Report
US:NASDAQ Investor Relations: ir.towerjazz.com
Company Research Source: GlobeNewswire
MIGDAL HAEMEK, Israel, Feb. 19, 2019 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM & TASE: TSEM) reported today its results for the full year and for the fourth quarter ended December 31, 2018. Highlights of the Full Year 2018: Revenues of $1.3 billion resulting in EBITDA of $362 million, net profit of $136 million and basic earnings per share of $1.35;Cash generated from operations of $313 million with $170 million investments in property and equipment, resulting in free cash flow of $143 million;Further strengthened the balance sheet and financial position during the year: Record shareholders’ equity reaching $1.2 billion;Received upgraded S&P rating from “ilA+ stable” to “ilAA- stable”. Highlights of the Fourth Quarter of 2018: Revenues of $334 million, up $11 million as compared with the third quarter of 2018;Sequential increase in net profit and basic earnings per share to $38 million and $0.37, respectively, from $34 million and $0.34, respectively;Cash generated from opera Show less Read more
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