Eltek rockets 57.8% pre-market following Q3 report

|About: Eltek Ltd. (ELTK)|By:, SA News Editor

Eltek (ELTK) shares rocket 57.8% pre-market following the company's Q3 report.

Although revenue climbed 2.4% Y/Y to $12.8M, EPS jumped to $0.12 from $0.02 in Q3 2012, a result of a 2.2% jump in gross margin to 18.3%.

The EPS figure does not include a 3.5M share investment by Nistec in Nov., which represents 53% of shares outstanding as of Sept. 30. (PR)