Gilat Satellite reports Q2 EPS 21c, consensus 4c

Reports Q2 revenue $105M, consensus $100.98M. Adi Sfadia, Gilat’s CEO, commented: “Gilat’s second quarter results were strong, demonstrating momentum across our growth engines and successful execution of our growth strategy. Gilat Defense is extending its reach by leveraging top-line synergies between Gilat and DataPath and offering a broader range of solutions to defense customers in the U.S. and among its allies. With a unified structure enabling faster response to customers’ mission needs and innovation across our portfolio, we are well-positioned to meet growing global demand driven by geopolitical tension and shifting budget priorities in favor of satellite communications.”