Gilat's Q1 Earnings Miss Despite Higher Revenues, Shares Slide 10%

Gilat Satellite Networks Ltd. (GILT) reported first-quarter 2025 adjusted earnings per share (EPS) of 3 cents compared with 11 cents a year ago. The bottom line lagged the Zacks Consensus Estimate by 57.14%.Revenues for the quarter reached $92 million, up 21% from a year ago. The expansion was primarily attributable to the Commercial segment, driven by the acquisition of Stellar Blu, along with continued growth in the Defense segment. These gains were partially offset by a decline in revenues from the Peru ...