EchoStar Reports Second Quarter 2010 Financial Results
ENGLEWOOD, CO, Aug 09, 2010 (MARKETWIRE via COMTEX News Network) -- EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $603 million for the quarter ended June 30, 2010, a 57.4 percent increase compared with $383 million for the corresponding period in 2009.
EchoStar reported net loss attributable to EchoStar common shareholders of $41 million for the quarter ended June 30, 2010, compared with net income of $102 million during the corresponding period in 2009. Basic loss per share was $0.49 for the quarter ended June 30, 2010, compared with basic earnings per share of $1.18 during the corresponding period in 2009.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended June 30, 2010, filed today with the Securities and Exchange Commission.
EchoStar will host its Second Quarter 2010 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 more than 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. EchoStar also delivers satellite services through 10 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 2010 Marketwire, Inc., All rights reserved.
News Provided by COMTEX