Echostar Corporation (SATS) Misses Q1 EPS by 13c, Beats on Revenues

Echostar Corporation (NASDAQ: SATS) reported Q1 EPS of $0.16, $0.13 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $501.8 million versus the consensus estimate of $492.55 million.

First Quarter 2018 Financial Highlights:

• Consolidated revenues of $501.8 million.
• Consolidated net loss from continuing operations of $21.2 million, consolidated net loss attributable to EchoStar common stock of $21.6 million, and diluted losses per share of $0.22. Included in these amounts are net losses on investments of $36.7 million. Excluding these net losses, diluted earnings per share would have been $0.16.
• Consolidated EBITDA of $165.7 million, including net losses on investments of $36.7 million. Excluding these net losses, EBITDA would have been $202.4 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

For earnings history and earnings-related data on Echostar Corporation (SATS) click here.

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