Gilat Satellite Networks Q2 2024 Adj EPS $0.10 Beats $0.04 Estimate, Sales $76.63M Beat $74.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks (NASDAQ:GILT) reported Q2 2024 adjusted EPS of $0.10, beating the analyst estimate of $0.04 by 150%. The company also reported sales of $76.63 million, surpassing the $74.10 million estimate and marking a 13.38% increase from the same period last year.
August 07, 2024 | 11:24 am
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Gilat Satellite Networks reported strong Q2 2024 results, with EPS of $0.10 beating estimates by 150% and sales of $76.63 million exceeding expectations by 3.42%. Sales increased by 13.38% year-over-year.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, is likely to positively impact GILT's stock price in the short term.
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