Gilat Satellite Earnings Fall Short with $0.05, Profit Below Expectations

According to Gilat Satellite's (NASDAQ: GILT) report, the earnings per share for the third quarter are $0.020, which is $0.05 worse than analysts' expectations of $0.070. The reported earnings for this quarter were set at $74.6M, while analyst expectations were $77.25M.

Gilat Satellite's fiscal year 2024 earnings are projected to be between $305,000M and $315,000M. Analyst forecasts were indicated at $330,900M.

Gilat Satellite's stock closed the day at $5.65, showing a 20,990% increase over the last three months. However, the stock has decreased by -8.430% in the past 12 months. In the last 90 days, Gilat Satellite recorded positive earnings per share while reporting negative earnings per share previously.

You can explore how Gilat Satellite's stock price reacted to past earnings reports here. According to InvestingPro, Gilat Satellite has a financial health rating of "Good performance."

Review the latest earnings reports and all financial information related to Gilat Satellite here. Stay updated on all developments regarding balance sheets by visiting the Investing.com Earnings Calendar.