PETAH TIKVA, Israel (AP) — PETAH TIKVA, Israel (AP) — Gilat Satellite Networks Ltd. (GILT) on Tuesday reported a fourth-quarter loss of $6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Petah Tikva, Israel-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs, came to 14 cents per share.
The satellite broadband communications company posted revenue of $72.6 million in the period.
For the year, the company reported that its loss widened to $5.9 million, or 10 cents per share. Revenue was reported as $239.8 million.
Gilat expects full-year revenue in the range of $260 million to $280 million.
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