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Author Topic: EchoStar Reports Third Quarter 2008 Financial Results  (Read 1100 times)

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EchoStar Reports Third Quarter 2008 Financial Results
« on: November 10, 2008, 06:00:22 AM »
EchoStar Reports Third Quarter 2008 Financial Results
           


<p>ENGLEWOOD, CO--(Marketwire - November 10, 2008) -  EchoStar Corporation (<exchange name="NASDAQ">NASDAQ</exchange>: <ticker name="SATS">SATS</ticker>) today
reported total revenue of $616 million for the quarter ended Sept. 30,
2008, a 52.4 percent increase compared with $404 million for the
corresponding period in 2007.
<p>
EchoStar reported net loss of $308 million for the quarter ended Sept. 30,
2008, compared with net loss of $7 million during the corresponding period
in 2007.  The $301 million increase in net loss primarily related to
unrealized losses and impairments on marketable and non-marketable
securities.  Basic loss per share was $3.43 for the quarter ended Sept. 30,
2008, compared with a basic loss per share of $0.07 during the
corresponding period in 2007.

           

http://www.marketwire.com/mw/release.do?id=918340&sourceType=3
           
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