U.S. Markets open in 9 hrs 12 mins

TowerJazz states Q3 net loss

The semiconductor company earned 58 cents a share in Q3, beating analyst views by 25 cents and up 163% from Q3 '13. On a GAAP basis, the company reported a net loss of $19 mil, or 37 cents a share. Revenue climbed 70.5% to $226 mil, just missing views of $22.6.2 mil. TowerJazz (TSEM) said it expects Q4 revenue around $235 mil. Its stock has more than doubled the past year. Shares rose 7.9% to 11.27.