EchoStar Reports First Quarter 2012 Financial Results
ENGLEWOOD, Colo., May 7, 2012 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $765 million for the quarter ended March 31, 2012, a 59 percent increase compared with $480 million for the corresponding period in 2011.
EchoStar reported net income attributable to EchoStar of $127 million for the quarter ended March 31, 2012, compared with net income attributable to EchoStar of $17 million during the corresponding period in 2011. Diluted earnings per share was $1.45 for the quarter ended March 31, 2012, compared with diluted earnings per share of $0.19 for the corresponding period in 2011.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended March 31, 2012, filed today with the Securities and Exchange Commission.
EchoStar will host its first quarter 2012 financial results conference call today at 1:30 p.m. ET. The dial-in number is (877) 500-5931.
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite operations and digital TV solutions that enhance today's home entertainment lifestyle. Its wholly owned subsidiary, Hughes, is the world's leading provider of satellite broadband for home and office, delivering innovative network technologies and managed network services for enterprises and governments in more than 100 countries. Among the many offerings of this combined powerhouse in broadband data and video are HughesNet®, the market's #1 high-speed satellite Internet service; Sling Media's award-winning SlingLoaded® technology; and Move Networks' adaptive bit-rate streaming technology.
Headquartered in Englewood, Colo. with employees worldwide, EchoStar has more than 25 years of experience designing, developing and distributing award-winning television set-top boxes, services and related delivery products for television. EchoStar delivers satellite broadband and transport services for enterprises, governments, small businesses, and consumers using 11 satellites and related broadcast licenses around the globe. For more information, please visit www.EchoStar.com and www.Hughes.com.
SOURCE EchoStar Corporation