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Gilat: 2Q Earnings Snapshot

August 6, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GILT at https://www.zacks.com/ap/GILT

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