EchoStar Q3 Earnings Lag Estimates on Lower Revenues, Stock Down 13%
EchoStar(SATS) ZACKS·2024-11-13 23:06
EchoStar Corporation (SATS) reported a third-quarter 2024 non-GAAP loss of 52 cents per share compared with a loss of 51 cents in the prior-year quarter. The bottom line was wider than the Zacks Consensus Estimate of a loss of 28 cents by 85.7%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $3.9 billion, down 5% year over year. The top line missed the consensus mark by 1.5%. Net subscriber losses in Pay-TV and Broadband and satellite services led to ...