Gilat Reports Continued Strong Growth in Profitability in Q2 2018
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Gilat Satellite Networks (GILT) Reports Q2 EPS of $0.07 on Revenues Of $66.2M; Affirms FY18 Revenue Outlook
August 7, 2018 7:26 AM EDTGilat Satellite Networks (NASDAQ: GILT) reported Q2 EPS of $0.07. Revenue for the quarter came in at $66.5 million.
Revenues for Q2 2018 were $66.5 million, compared with $66.2 million in Q2 2017.Continued strong profitability:Q2 2018 GAAP operating income increased to $4.1 million, up 121.0% from Q2 2017.Q2 2018 Non-GAAP operating income rose to $5.7 million, up 37.1% year over year.Q2 2018 GAAP net income was $2.2 million, or $0.04 per diluted share, compared with $2.1 million, or $0.04 per diluted share, in Q2 2017.Q2 2018 non-GAAP net income was $3.7 million, or $0.07 per diluted share, versus $4.6 million, or $0.08 per diluted share, in Q2... More