EchoStar Reports First Quarter 2009 Financial Results
ENGLEWOOD, CO, May 11, 2009 (MARKETWIRE via COMTEX News Network) -- EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $480 million for the quarter ended March 31, 2009, a 13.5 percent decrease compared with $555 million for the corresponding period in 2008.
EchoStar reported a net loss of $645,000 for the quarter ended March 31, 2009, compared with a net income of $6 million during the corresponding period in 2008. Basic loss per share was $0.01 for the quarter ended March 31, 2009, compared with basic earnings per share of $0.06 during the corresponding period in 2008.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended March 31, 2009, filed today with the Securities and Exchange Commission.
EchoStar will host its First Quarter 2009 financial results conference call today at 1 p.m. ET. The dial-in number is (877) 500-5931.
About EchoStar Corporation
EchoStar Corporation (NASDAQ: SATS) provides equipment sales, digital broadcast operations, and satellite services that enhance today's digital TV lifestyle, including products from Sling Media, Inc., a wholly owned subsidiary. Headquartered in Englewood, Colo., EchoStar has 25 years of experience designing, developing and distributing award-winning television set-top boxes and related products for pay television providers and is creating hardware and service solutions for cable, telco, IPTV and satellite TV companies. EchoStar includes a network of 10 digital broadcast centers and leased fiber optic capacity with points of presence in approximately 160 U.S. cities. EchoStar also delivers satellite services through eight satellites and related FCC licenses. Visit www.echostar.com.
Investor Relations Contact: Jason Kiser Email Contact 303-723-2210 Press Contact: Marc Lumpkin Email Contact 303-706-5236
SOURCE: EchoStar Corporation
Copyright 2009 Marketwire, All rights reserved.
News Provided by COMTEX