Gilat Satellite Networks Q3 Adj $0.08 Beats $0.04 Estimate, Sales $63.90M Miss $67.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks (NASDAQ:GILT) reported Q3 earnings of $0.08 per share, beating the analyst consensus estimate of $0.04 by 100%. However, the company's quarterly sales of $63.90 million missed the analyst consensus estimate of $67.94 million by 5.94%.
November 07, 2023 | 12:10 pm
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Gilat Satellite Networks reported Q3 earnings that beat estimates but missed on sales. This mixed report may lead to uncertain short-term price movement.
Gilat Satellite Networks reported a strong earnings beat, which is typically positive for the stock price. However, the company also reported a sales miss, which is typically negative for the stock price. These conflicting signals may lead to uncertain short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100