EchoStar Corp. (NASDAQ: SATS) reported Q1 EPS of ($0.56), $0.31 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $465.7 million versus the consensus estimate of $454.25 million.

Three Months Ended March 31, 2020 Financial Highlights:

• Consolidated revenues of $465.7 million.
• Net loss from continuing operations of $57.7 million, consolidated net loss attributable to EchoStar common stock of $54.3 million, and diluted loss per share of $0.56.
• Consolidated Adjusted EBITDA of $148.6 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

"As businesses and families everywhere contend with the impact of COVID-19, EchoStar has focused on keeping our customers connected," commented Michael Dugan, CEO and President of EchoStar. "The pandemic has demonstrated that staying connected is a necessity, not a luxury, and our solid performance in the first quarter of 2020, despite the global crisis, reflects this reality. We grew our revenue and Adjusted EBITDA from the same period in 2019. Operationally, we increased our consumer subscriber base by approximately 39,000 in the first quarter, driven by both our domestic and international markets, bringing our broadband subscriber total to approximately 1.516 million. We continuously evaluate the changing economic conditions and associated effect on our customers and vendors and are managing the business appropriately. Although these are extremely challenging times, the pandemic has made even more evident the worldwide demand for connectivity."

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