GILT Reports Q4 Net Income of $8.8M, EPS 13c vs 20c Adj

Gilat Satellite Networks Ltd. (GILT) reported net income of $8.8 million for Q4, or 13 cents per share, with an adjusted net income of 20 cents per share. Revenue for the quarter totaled $137 million. Year-over-year highlights: full-year profit of $20.7 million, or 34 cents per share, on revenue of $451.7 million. The company expects full-year revenue of $500 million to $520 million.