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ELTK

Eltek Ltd.

https://www.nisteceltek.com

Industry

Hardware, Equipment & Parts

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs, and flexible circuitry boards. It also offers high density interconnect, flex-rigid, and multi-layered boards. It primarily serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and others. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was incorporated in 1970 and is headquartered in Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.

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Eltek shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:34 pm

Eltek (NASDAQ:ELTK) reported Q2 earnings per share of $0.11, missing the analyst estimate of $0.25 by 56%. Sales were $10.47M, missing the $11.90M estimate by 12.05%. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:34 am

Eltek (NASDAQ:ELTK) reported Q1 earnings per share of $0.27, beating the analyst estimate of $0.26. However, sales of $11.78 million missed the $12.00 million estimate. Sales increased by 2.73% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:32 am

U.S. stocks showed mixed performance with the Dow Jones index rising slightly, while the NASDAQ and S&P 500 fell. Materials shares led gains, while industrials lagged. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases following positive news. Conversely, Eltek, Genie Energy, and Ventyx Biosciences experienced notable declines. Oil prices dipped slightly, while gold and silver saw gains.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 6:44 pm

Mesoblast Limited's shares surged by 13.4% after announcing FDA support for an accelerated approval pathway for rexlemestrocel-L. Other stocks also saw significant movements, with Kidpik Corp. leading the gainers with a 238% increase following a reverse stock split announcement. On the losers' side, Jeffs' Brands Ltd dropped by 45.2%. The market movements were influenced by various factors including FDA approvals, strategic plans, financial results expectations, and investment proposals.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 5:41 pm

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all seeing declines. Materials shares rose, while industrials fell. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases, while Eltek, Genie Energy, and Ventyx Biosciences experienced declines. Oil and gold prices edged higher.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 4:15 pm

Eltek shares are trading lower following the announcement of disappointing Q4 financial results, which fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:03 pm

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. Materials shares saw a rise, while information technology shares dropped. Eltek Ltd. reported disappointing earnings, while Kidpik Corp., Fangdd Network Group Ltd., and TC Biopharm (Holdings) Plc saw significant stock price increases. Conversely, Eltek Ltd., Jeffs' Brands Ltd, and CERo Therapeutics Holdings, Inc. experienced notable declines. Oil and gold traded lower, while silver and copper saw gains. European and Asian markets showed mixed results, with specific economic data highlighted for Spain, China, and Japan.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 1:48 pm

Eltek (NASDAQ:ELTK) reported Q4 earnings of $0.22 per share, missing the consensus estimate of $0.31 by 29.03%, but showed a 57.14% increase from last year. Sales were $12.32M, slightly above the $12.20M estimate, marking a 17.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:33 am

Earnings reports for March 11, 2024, include a mix of projected losses and gains across various sectors. Notable companies like Oracle, Vail Resorts, and Ballard Power Systems are among those reporting. The diversity in performance indicators suggests a varied impact on the market.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 8:56 am

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