PETAH TIKVA, Israel (AP) _ Gilat Satellite Networks Ltd. (GILT) on Monday reported third-quarter profit of $8.7 million.
On a per-share basis, the Petah Tikva, Israel-based company said it had profit of 16 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The satellite broadband communications company posted revenue of $62.8 million in the period.
Gilat shares have risen 39 percent since the beginning of the year. The stock has increased 39 percent in the last 12 months.
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