Gilat Satellite Swings To Profit In Q1, Reiterates FY26 Guidance; Stock Down
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Gilat Satellite Networks Ltd. reported a first quarter profit of $5.23 million, compared to a loss of $6 million a year earlier, with revenues rising to $110.47 million. Despite the positive earnings, shares fell 22.16% to $15.41. The company reiterated its FY26 guidance, projecting revenues between $500 to $520 million and Adjusted EBITDA of $61 to $66 million.
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