Gilat Reports Profitable Fourth Quarter 2016 Results; Full Year Revenue Grew to $279.6 Million, with Significant Increase in Profitability

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Go back to Gilat Reports Profitable Fourth Quarter 2016 Results; Full Year Revenue Grew to $279.6 Million, with Significant Increase in Profitability

Gilat Satellite Networks (GILT) Reports Q4 EPS of $0.13

February 14, 2017 7:49 AM EST

Gilat Satellite Networks (NASDAQ: GILT) reported Q4 EPS of $0.13, versus $0.16 reported last year. Revenue for the quarter came in at $80.3 million, versus $67.7 million reported last year.

"I am pleased to report Gilat's positive results in the fourth quarter and for full year 2016, said Yona Ovadia, CEO of Gilat. "We made progress in our broadband and In-Flight Connectivity (IFC) growth engines and continued to invest in our technology leadership, while keeping... More