ELTEK LTD (ELTK) revealed earnings for first quarter that beat the Street estimates.
The company's earnings came in at $1.74 million, or $0.27 per share. This compares with $1.56 million, or $0.27 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.7% to $11.78 million from $11.47 million last year.
ELTEK LTD earnings at a glance (GAAP) :
-Earnings (Q1): $1.74 Mln. vs. $1.56 Mln. last year.
-EPS (Q1): $0.27 vs. $0.27 last year.
-Revenue (Q1): $11.78 Mln vs. $11.47 Mln last year.
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