Gilat Reports Strong Profitability in Q3 2018, Raises Objectives for 2018 Operating Profit and EBITDA
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Gilat Satellite Networks (GILT) Reports Q3 EPS of $0.09 on Revenues of $62.8M
November 12, 2018 7:43 AM ESTGilat Satellite Networks (NASDAQ: GILT) reported Q3 EPS of $0.09. Revenue for the quarter came in at $62.8 million.
Revenues for Q3 2018 were $62.8 million, compared with $69.9 million in Q3 2017.Continued strong profitability:Q3 2018 GAAP operating income increased to $6.0 million, up 79.6% from Q3 2017. Q3 2018 Non-GAAP operating income rose to $6.5 million, up 32.7% year over year.Q3 2018 GAAP net income was $8.7 million, or $0.16 per diluted share (including a one-time tax benefit of $4.1 million related to the Company\'s US subsidiary), compared with $2.1 million, or $0.04 per diluted share, in Q3 2017.Q3 2018 non-GAAP net... More