EchoStar Reports First Quarter 2008 Financial Results
ENGLEWOOD, Colo., May 13, 2008 (PrimeNewswire via COMTEX News Network) -- EchoStar Corporation (Nasdaq:SATS), today reported total revenue of $555 million for the quarter ended March 31, 2008, a 23.9 percent increase compared with $448 million for the corresponding period in 2007.
EchoStar reported a net income of $5.7 million for the quarter ended March 31, 2008, compared with a net loss of $18.5 million during the corresponding period in 2007. Basic earnings per share were $.06 for the quarter ended March 31, 2008, compared with a basic loss per share of $.21 during the corresponding period in 2007.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended March 31, 2008, filed today with the Securities and Exchange Commission.
About EchoStar Corporation
EchoStar Corporation (Nasdaq:SATS) operates two primary businesses: equipment sales and digital broadcast operations and fixed satellite services. The equipment sales and digital broadcast operations business includes the Sling Media business, designs, develops and distributes set-top boxes and related products for direct-to-home satellite television service providers and includes a network of seven full-service digital broadcast centers and leased fiber optic capacity with points of presence in approximately 150 cities. The fixed satellite services business provides service on nine owned and leased in-orbit satellites and includes related FCC licenses. Visit www.echostar.com for more information.
EchoStar will host its First Quarter 2008 earnings conference call today at 1 p.m. ET. The dial-in number is (877) 500-5931.
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SOURCE: EchoStar Holding Corporation
EchoStar Corporation Press: Kathie Gonzalez (720) 514-5351 email@example.com Investor Relations: Jason Kiser (303) 723-2210 Jason.Kiser@echostar.com
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