Echostar Corporation (SATS) Tops Q1 EPS by 8c, Revenues Beat

Echostar Corporation (NASDAQ: SATS) reported Q1 EPS of $0.15, $0.08 better than the analyst estimate of $0.07. Revenue for the quarter came in at $531.08 million versus the consensus estimate of $529.55 million.

Financial Highlights:

• Consolidated revenues of $531 million.
• Consolidated net income of $15 million, consolidated net income attributable to EchoStar common stock of $14 million, and diluted earnings per share of $0.15.
• Consolidated Adjusted EBITDA of $206 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

Additional Highlights:

• Approximately 1,388,000 total Hughes broadband subscribers as of March 31, 2019 including approximately 150,000 subscribers in Latin America.
• Cash, cash equivalents and current marketable investment securities of $3.3 billion as of March 31, 2019.

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

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