EchoStar Corp. (NASDAQ: SATS) reported Q2 EPS of ($0.12), $0.09 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $459.5 million versus the consensus estimate of $436.7 million.

Three Months Ended June 30, 2020 Financial Highlights:

• Consolidated revenues of $459.5 million.
• Net loss from continuing operations of $14.8 million, consolidated net loss attributable to EchoStar common stock of $11.4 million, and diluted loss per share of $(0.12).
• Consolidated Adjusted EBITDA of $160.9 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

"The second quarter of 2020 continued to demonstrate that we are in extraordinary times, and despite the ongoing challenges of COVID-19, I am proud of our second quarter performance," commented Michael Dugan, CEO and President of EchoStar. "Whether our current environment is a 'new normal' or a temporary state, EchoStar remains focused on delivering the connectivity our customers need today and into the future. Operationally, we increased our consumer subscriber base by approximately 26,000, driven by our international markets, bringing our broadband subscriber total to approximately 1.542 million. We continue to monitor economic conditions and are prudently managing the business. We are also excited to be joining the consortium selected to acquire OneWeb out of bankruptcy and to continue as a trusted technology and distribution partner for OneWeb as it emerges from bankruptcy"

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