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Tower Semiconductor: 1Q Earnings Snapshot

MIGDAL HAEMEK, Israel (AP) _ Tower Semiconductor Ltd. (TSEM) on Wednesday reported first-quarter net income of $26.2 million.

The Migdal Haemek, Israel-based company said it had net income of 25 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 30 cents per share.

The chipmaker posted revenue of $310.1 million in the period.

Tower Semiconductor shares have risen 16% since the beginning of the year. The stock has declined 31% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSEM at https://www.zacks.com/ap/TSEM