EchoStar Corp. (SATS) Tops Q1 EPS by 88c, Revenues Beat

EchoStar Corp. (NASDAQ: SATS) reported Q1 EPS of $0.84, $0.88 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $482.6 million versus the consensus estimate of $466.9 million.

Three Months Ended March 31, 2021 Financial Highlights:

• Consolidated revenues of $482.6 million.
• Net income of $77.6 million, consolidated net income attributable to EchoStar common stock of $78.5 million, and basic and diluted earnings per share of $0.84.
• Consolidated Adjusted EBITDA of $185.7 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

"I am pleased with the company's financial performance in the first quarter of 2021," commented Michael Dugan, CEO and President of EchoStar. "We grew revenue, net income, and Adjusted EBITDA over the same period last year by focusing on meeting our customers' needs for connectivity and prudently managing all areas of the business."

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

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