Echostar Corporation (SATS) Reports Q2 EPS of $0.80, Revenues Beat

Echostar Corporation (NASDAQ: SATS) reported Q2 EPS of $0.80, versus $0.32 reported last year. Revenue for the quarter came in at $526 million versus the consensus estimate of $511.5 million.

• Consolidated revenues of $526.0 million.
• Consolidated net income from continuing operations of $77.7 million, consolidated net income attributable to EchoStar common stock of $77.2 million, and diluted earnings per share of $0.80. Included in these amounts are net gains on investments of $65.4 million. Excluding these net gains, diluted earnings per share would have been $0.12.
• Consolidated EBITDA of $285.8 million, including net gains on investments of $65.4 million. Excluding these net gains, EBITDA would have been $220.4 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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