EchoStar Turn Profit In 2Q, Tops Estimates
(RTTNews) — Satellite and digital TV solutions provider EchoStar Corp. reported Tuesday that its second-quarter net income attributable to common shareholders was $18 million, compared with a net loss of $41 million last year. Earnings per share were $0.21, while prior year’s loss per share were $0.49.
Analysts polled by Thomson Reuters expected the company to earn $0.19 per share in the quarter. Such estimates typically exclude special items.
Total revenue dropped 3.1 percent to $584 million from $603 million a year ago.