Gilat Reports Continued Growth in Profitability in Q1 2019
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Gilat Satellite Networks (GILT) Reports Q1 EPS of $0.07 on Revenues of $62.1M
May 14, 2019 7:01 AM EDTGilat Satellite Networks (NASDAQ: GILT) reported Q1 EPS of $0.07, versus $0.07 reported last year. Revenue for the quarter came in at $62.1 million, versus $67.4 million reported last year.
Revenues for Q1 2019 totaled $62.1 million compared with $67.4 million for Q1 2018.Continued strong profitability:Q1 2019 GAAP operating income increased 21.7% to $4.5 million from $3.7 million in Q1 2018. Q1 2019 Non-GAAP operating income rose to $5.6 million, or by 9.5% from Q1 2018.Q1 2019 GAAP net income increased 22.2% to $2.8 million, or $0.05 per diluted share, compared with $2.3 million, or $0.04 per diluted share in Q1 2018. Q1 2019 non-GAAP net income increased 5.4% to $4.0 million, or... More