Eltek Ltd (ELTK) Reports Q3 Loss of $0.04/Share
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Eltek Reports 2016 Third Quarter Financial Results
November 16, 2016 5:07 AM ESTPETACH-TIKVA, Israel, Nov. 16, 2016 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the quarter ended September 30, 2016.
Mr. Yitzhak Nissan, Chairman of the Board and Chief Executive Officer, commented: "Third quarter revenues ($9.3 million) were lower than the revenues in the third quarter of 2015 ($10.8 million). The decrease was due to competitive pressures in Israel and certain European countries, and a continued weakness in the German PCB market, which led to a... More
