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Chipmaker TowerJazz sees fourth-quarter revenue missing forecasts

Chipmaker TowerJazz sees fourth-quarter revenue missing forecasts

5 years ago
Anonymous $ZPWJA6-QD2

https://www.reuters.com/article/us-towerjazz-results/chipmaker-towerjazz-sees-fourth-quarter-revenue-missing-forecasts-idUSKCN1N311X

TowerJazz revenues will miss expectations in the fourth quarter after falling in the previous three months, the Israeli chip manufacturer said on Monday, citing weakness in the market and a switch to higher-margin products.