Gilat Satellite Networks Q4 Adj EPS $0.11 Beats $0.07 Estimate, Sales $75.60M Miss $75.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks (NASDAQ:GILT) reported Q4 adjusted EPS of $0.11, surpassing the $0.07 estimate, but its sales of $75.60M fell short of the $75.98M estimate. This represents a 21.43% decrease in EPS from last year, despite a 4.09% increase in sales.
February 26, 2024 | 11:33 am
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Gilat Satellite Networks reported a mixed Q4 with an EPS beat and a slight sales miss. EPS was $0.11, above the $0.07 estimate, but sales of $75.60M missed the $75.98M forecast.
The mixed results with an earnings beat but a slight miss on sales could lead to neutral short-term stock price movement. The earnings beat is positive, but the sales miss, although minor, may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100