Gilat Satellite Networks Q1 2024 Adj EPS $0.11 Beats $0.06 Estimate, Sales $76.100M Miss $77.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks (GILT) reported Q1 2024 adjusted EPS of $0.11, surpassing the $0.06 estimate, but its sales of $76.1M fell short of the $77.1M forecast. This represents a 29.07% increase in sales compared to the same period last year.
May 08, 2024 | 11:10 am
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Gilat Satellite Networks reported a strong Q1 2024 EPS of $0.11, outperforming estimates, but missed on sales with $76.1M versus the expected $77.1M.
The positive earnings surprise could lead to short-term positive sentiment, offset by the slight miss in sales expectations. The significant year-over-year sales growth indicates underlying strength, potentially balancing investor reactions.
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