Gilat Satellite Networks Ltd (GILT) Swings to Q3 Profit

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Gilat Announces Third Quarter 2014 Results

November 18, 2014 8:10 AM EST

PETAH TIKVA, Israel, Nov. 18, 2014 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the third quarter ended September 30, 2014.

Key Financial Highlights:

Revenues for the third quarter increased to $57.1 million compared to $51.8 million in the third quarter of 2013 Non-GAAP operating income was $3.6 million, compared to an operating loss of $0.3 million in the comparable quarter of 2013 GAAP operating income was $1.5 million as compared to an operating loss of... More