Gilat: 2Q Earnings Snapshot
PETAH TIKVA, Israel (AP) _ Gilat Satellite Networks Ltd. (GILT) on Tuesday reported second-quarter earnings of $3.4 million.
On a per-share basis, the Petah Tikva, Israel-based company said it had profit of 6 cents. Earnings, adjusted for restructuring costs and stock option expense, came to 9 cents per share.
The satellite broadband communications company posted revenue of $59.7 million in the period.
Gilat shares have decreased slightly more than 3% since the beginning of the year. The stock has declined slightly in the last 12 months.