Gilat Reports Strong Growth in Profitability in Q4 2018 and Fiscal Year 2018, Targets Continued Strong Growth in 2019
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Gilat Satellite Networks (GILT) Reports Q4 EPS of $0.10
February 12, 2019 7:59 AM ESTGilat Satellite Networks (NASDAQ: GILT) reported Q4 EPS of $0.10, versus $0.09 reported last year. Revenue for the quarter came in at $69.7 million, versus $82.7 million reported last year.
Yona Ovadia, CEO of Gilat, commented:
"I am pleased to report that our strong fourth quarter concludes a year of important progress for Gilat as we advanced our business strategy and achieved substantial profitability growth.
"We were successful in achieving our objectives through our continued focus on our growth engines of Broadband, Mobile Cellular Backhaul and Mobility IFC, along with continued efforts to drive costs... More
