EchoStar Corp. (SATS) Tops Q3 EPS by 36c, Revenues Beat

EchoStar Corp. (NASDAQ: SATS) reported Q3 EPS of $0.26, $0.36 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $473.5 million versus the consensus estimate of $462.95 million.

Three Months Ended September 30, 2020 Financial Highlights:

• Consolidated revenues of $473.5 million.
• Net income from continuing operations of $23.3 million, consolidated net income attributable to EchoStar common stock of $25.4 million, and diluted earnings per share of $0.26.
• Consolidated Adjusted EBITDA of $166.7 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

"We had another outstanding quarter," commented Michael Dugan, CEO and President of EchoStar. "We increased our consumer subscriber base by approximately 38,000, driven by our international markets, and grew our Net income and Adjusted EBITDA from the same period last year. The continued growth in demand for our service demonstrates the importance of our networks and services for businesses and families everywhere. We will continue to focus on the needs of our customers as connectivity becomes a more vital part of business, entertainment, and communications."

For earnings history and earnings-related data on EchoStar Corp. (SATS) click here.

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