Gilat Satellite (NASDAQ: ) released its third-quarter results on Tuesday, falling short of analysts’ expectations and reporting lower revenue. The company reported earnings per share of $0.080 and total revenue of $63.9M. According to analysts surveyed by Investing.com, the estimated earnings per share were $0.050 on total revenue of $67.94M. In the same period last year, the earnings per share were $ with total revenue of $. In the previous quarter, the company reported earnings per share of $ on total revenue of $.

So far this year, Gilat Satellite stocks have seen a 10% increase in earnings. They have also outperformed the Nasdaq, which has risen by 29.16% despite poor performance.

Gilat Satellite continues to lag behind other major companies in the technology sector in terms of earnings. On Thursday, Apple announced earnings per share of $1.46 on total revenue of $89.5B for its fourth quarter. This exceeded the estimated earnings per share of $1.39 on total revenue of $89.31B.

Microsoft also fell short of analysts’ expectations when it reported its results on October 24. The company reported earnings per share of $2.99 and total revenue of $54.53B for the first quarter.