EchoStar Reports Second Quarter 2008 Financial Results
ENGLEWOOD, Colo., Aug 04, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- EchoStar Corporation (Nasdaq: SATS) today reported total revenue of $483 million for the quarter ended June 30, 2008, a 46.2 percent increase compared with $331 million for the corresponding period in 2007.
EchoStar reported net income of $48 million for the quarter ended June 30, 2008, compared with net losses of $15 million during the corresponding period in 2007. Basic earnings per share were $0.53 for the quarter ended June 30, 2008, compared with a basic loss per share of $0.16 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 June 30, 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 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 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 Second Quarter 2008 earnings conference call today at 1 p.m. ET. The dial-in number is (877) 500-5931.
SOURCE EchoStar Corporation
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