AP NEWS

Gilat: 3Q Earnings Snapshot

November 19, 2019 GMT

PETAH TIKVA, Israel (AP) _ Gilat Satellite Networks Ltd. (GILT) on Tuesday reported third-quarter earnings of $6.3 million.

On a per-share basis, the Petah Tikva, Israel-based company said it had net income of 11 cents. Earnings, adjusted for stock option expense and amortization costs, came to 12 cents per share.

The satellite broadband communications company posted revenue of $63.4 million in the period.

Gilat shares have decreased 17% since the beginning of the year. The stock has fallen 23% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GILT at https://www.zacks.com/ap/GILT