Echostar Corporation (SATS) Tops Q4 EPS by 2c

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EchoStar Announces Fourth Quarter and Full Year 2016 Results

February 24, 2017 8:00 AM EST

ENGLEWOOD, Colo., Feb. 24, 2017 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) today announced its financial results for the fourth quarter and full year ended December 31, 2016.

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.... More