Gilat Satellite Earnings Exceed Expectations by $0.05, Revenue Surpasses Estimates

Gilat Satellite has announced its second-quarter earnings, reporting an earnings per share (EPS) of $0.10, which is $0.05 higher than the analyst expectation of $0.05. For the quarter, the company recorded revenue of $76.6 million, surpassing the consensus estimate of $74.22 million.

### Guidance

For the fiscal year 2024, Gilat Satellite projects revenue between $305 million and $325 million, compared to the analyst consensus of $314.3 million.

As for its stock performance, Gilat Satellite closed at $4.16, experiencing a decline of 25.45% over the past three months and 40.66% over the last year. The company has seen both positive and negative EPS revisions in the last 90 days.

In terms of financial health, the company’s score indicates “good performance.”

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