Eltek Ltd. (ELTK) reported Thursday that net income for the third quarter surged to $2.15 million or $0.36 per share from $1.00 million or $0.17 per share in the prior-year quarter.
Revenues for the quarter grew 15 percent to $11.86 million from $10.33 million in the same quarter last year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.