Echostar Corporation (SATS) Tops Q4 EPS by 2c

Echostar Corporation (NASDAQ: SATS) reported Q4 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $740 million versus the consensus estimate of $742.28 million.

Fourth Quarter 2016 Financial Highlights:

• Consolidated revenues of $740 million.
• Consolidated net income of $39 million.
• Consolidated net income attributable to EchoStar common stock of $38 million and diluted earnings per share of $0.40.
• Consolidated EBITDA of $229 million (see reconciliation of this non-GAAP measure below).
• Approximately 1,036,000 Hughes consumer broadband subscribers as of December 31, 2016.

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

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