EchoStar Reports Third Quarter 2011 Financial Results
ENGLEWOOD, Colo., Nov. 7, 2011 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $863 million for the quarter ended September 30, 2011, a 42 percent increase compared with $607 million for the corresponding period in 2010.
EchoStar reported net loss attributable to common shareholders of $19 million for the quarter ended September 30, 2011, compared with net income attributable to common shareholders of $5.2 million during the corresponding period in 2010. Diluted loss per share was $0.22 for the quarter ended September 30, 2011, compared with diluted earnings per share of $0.06 for the corresponding period in 2010.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended September 30, 2011, filed today with the Securities and Exchange Commission.
EchoStar will host its third quarter 2011 financial results conference call today at 1:30 p.m. ET. The dial-in number is (877) 500-5931.
About EchoStar and Hughes
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 more than 4,600 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