Gilat Satellite Networks Ltd reports results for the quarter ended June 30 - Earnings Summary
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Gilat Satellite Networks Ltd reported adjusted earnings of 21 cents per share for the quarter ended June 30, significantly up from 2 cents a year ago. Revenue increased by 37% to $104.97 million, surpassing analyst expectations. The company’s reported EPS was 17 cents, with a net income of $9.83 million. Shares rose 3.7% this quarter and 19.5% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $8.40, reflecting a potential upside from the last closing price of $7.35.
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