EchoStar Corp. (SATS) Tops Q4 EPS by 4c

EchoStar Corp. (NASDAQ: SATS) reported Q4 EPS of $0.01, $0.04 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $489.3 million versus the consensus estimate of $490.35 million.

Three Months Ended December 31, 2020 Financial Highlights:

• Consolidated revenues of $489.3 million.
• Net loss from continuing operations of $2.6 million, consolidated net income attributable to EchoStar common stock of $0.1 million, and diluted earnings per share of $0.01.
• Consolidated Adjusted EBITDA of $166.7 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

"2020 will go down in the history books as one of the most challenging on record, but it demonstrated the value of our service to businesses and families and brought out the very best of the EchoStar team," commented Michael Dugan, CEO and President of EchoStar. "Thanks to their efforts and accomplishments in every market sector, we delivered solid financial results and grew revenue, net income, and Adjusted EBITDA over 2019. We remain excited about our position in the industry and our ability to grow as the demand for connectivity continues to increase."

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

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