EchoStar Reports Second Quarter 2014 Financial Results

By PR Newswire,  August 07, 2014, 08:00:00 AM EDT


ENGLEWOOD, Colo., Aug. 7, 2014 /PRNewswire/ -- EchoStar Corporation (NASDAQ:SATS) today reported total revenue of $880 million for the quarter ended June 30, 2014 compared to $830 million for the corresponding period in 2013.  Net income attributable to EchoStar common stock was $33.8 million and diluted earnings per share was $0.36 for the quarter ended June 30, 2014, compared to a net loss attributable to EchoStar common stock of $9.8 million and diluted loss per share of $0.11 during the corresponding period in 2013.

For the six month period ended June 30, 2014, total revenue was $1,706 million compared to $1,625 million for the six months ended June 30, 2013. Net income attributable to EchoStar common stock was $46.4 million and diluted earnings per share was $0.50 for the six month period ended June 30, 2014 compared to a net loss of $6.3 million and diluted loss per share of $0.07 for the corresponding period in 2013.  

Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarter ended June 30, 2014 filed today with the Securities and Exchange Commission.

EchoStar will host its second quarter 2014 financial results conference call today at 11:00 a.m. ET. The dial-in numbers are 1-877-815-1625 (US) and 716-247-5178 (International), Conference ID # 77114331.

About EchoStar

EchoStar Corporation (NASDAQ:SATS) is the premier global provider of satellite operations and video delivery solutions. EchoStar's wholly-owned subsidiary, Hughes, is the world's leading provider of satellite broadband services, delivering network technologies and managed services in more than 100 countries.

Headquartered in Englewood, CO, with additional business units world-wide, EchoStar is a multiple Emmy award-winning company that has pioneered advancements in the TV and satellite industries for nearly 30 years, consistently delivering value for customers, partners and investors. Over the last three decades EchoStar's contribution to video technology has had a major influence on the way consumers view, receive and manage TV programming.

EchoStar's consumer solutions include HughesNet®, North America's #1 high-speed satellite Internet service, Dish Network's highly acclaimed Hopper® DVR and Joey® product line, Sling Media's Slingbox® products, and EchoStar's line of advanced digital video set-top box products for the satellite and terrestrial viewer markets.

For more information, please visit www.echostar.com.

SOURCE EchoStar Corporation



This article appears in: News Headlines

Referenced Stocks: SATS


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