Gilat Satellite Networks (GILT) Reports Q4 EPS of $0.10

Gilat Satellite Networks (NASDAQ: GILT) reported Q4 EPS of $0.10, versus ($0.02) reported last year. Revenue for the quarter came in at $73.1 billion, versus $55.7 billion reported last year.

“2014 was a good year for Gilat, with significant improvement in all major operational parameters, most of all: profitability,” said Erez Antebi, CEO of Gilat. “Looking forward, we begin 2015 with a growth focused strategy and a strong product portfolio that enables us to position ourselves successfully in the growing markets, such as HTS, Mobility and Cellular Backhaul. We expect continued improvements in 2015, and our management objectives are to reach revenues between $250 and $260 million and EBIDTA between $26 to $28 million for the year. As in 2014, we expect the second half of 2015 to be significantly stronger than the first half.”

For earnings history and earnings-related data on Gilat Satellite Networks (GILT) click here.

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