EchoStar Earnings: Everything You Must Know Now
EchoStar Corp. (NASDAQ:SATS) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
EchoStar Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.11 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 2.98% to $830 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EchoStar Corp. reported adjusted EPS loss of $0.11 per share. By that measure, the company missed the mean analyst estimate of $-0.08. It missed the average revenue estimate of $843.09 million.
Key Stats (on next page)…