EchoStar Reports Second Quarter 2012 Financial Results
Published on Wednesday, 08 August 2012 07:27 Written by TradersHuddle Staff
ENGLEWOOD, Colo., Aug. 8, 2012 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $806 million for the quarter ended June 30, 2012, a 38 percent increase compared with $584 million for the corresponding period in 2011.
EchoStar reported net income attributable to EchoStar shareholders of $36 million for the quarter ended June 30, 2012, compared with net income attributable to EchoStar shareholders of $18 million during the corresponding period in 2011. Diluted earnings per share was $0.41 for the quarter ended June 30, 2012 compared with diluted earnings per share of $0.21 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 June 30, 2012, filed today with the Securities and Exchange Commission.
EchoStar will host its second 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 the premier global provider of satellite operations and video delivery solutions. EchoStar's wholly-owned subsidiary, Hughes, is the world's leading provider of satellite broadband services, delivering network technologies and managed services in more than 100 countries.
Headquartered in Englewood, CO, with additional business units world-wide, EchoStar is a multiple Emmy award-winning company that has pioneered advancements in the TV and satellite industries for nearly 30 years, consistently delivering value for customers, partners and investors. Over the last three decades EchoStar's contribution to video technology has been a major influencer to shifts in the way consumers view, receive and manage TV programming.
EchoStar's consumer solutions include HughesNet®, North America's #1 high-speed satellite Internet service, Sling Media's Slingbox® products, and EchoStar's line of advanced digital video products for the European free satellite and terrestrial viewer markets.
For more information, please visit www.echostar.com.
SOURCE EchoStar Corporation
- Hughes Signs Morsviazsputnik in Russia as Distribution Partner
- EchoStar Reports First Quarter 2013 Financial Results
- Hughes Recognized as a "Quadruple Winner" by Alliance for Workplace Excellence (AWE)
- Hughes Launches New Branch Gateway Combining High Security, WAN Optimization and Routing
- Hughes Signs Contract Extension with Global Financial Services Giant
- EchoStar Corporation Announces Conference Call for 1st Quarter 2013 Financial Results
- Hughes 9502 BGAN M2M 'Integrated Antenna' Terminal Receives Inmarsat Type Approval
- Hughes Launches New HughesON Managed Network Services for Enterprises and Governments
- Hughes Expands Managed Network Services for African Development Bank
- Hughes Demonstrates Seamless SATCOM on Military Helicopters
Latest Partner Headlines
Dow Today: Verizon Communications (VZ) Higher - TheStreet.com
Separating the Bargains From the Busts - TheStreet.com
Cramer Quick Take: The 60-Inch TV Will Be Key This Holiday - TheStreet.com
Cramer Quick Take: Cisco Wins If Fiscal Cliff Is Resolved - TheStreet.com
Gap Up and Sit - TheStreet.com
Apple, Intel, MicroStrategy: Tech Winners & Losers - TheStreet.com
Windows 8 PC Sales Disappointing: Report - TheStreet.com
Cramer Quick Take: Buy Home Depot and Lowe's - TheStreet.com
Dow JonesCompany ID [INDEXDJX:.DJI] Last trade:15,354.40 Trade time:4:40PM EDT Value change:▲121.18 (0.80%)
S&P 500Company ID [INDEXSP:.INX] Last trade:1,667.47 Trade time:4:39PM EDT Value change:▲17.00 (1.03%)
NASDAQCompany ID [INDEXNASDAQ:.IXIC] Last trade:3,498.97 Trade time:5:15PM EDT Value change:▲33.73 (0.97%)
In The Wires
Professionally Designed Wedding Dresses Now Online At Tidebuy.com
DressFirst.com Is Providing Big Discounts On All Its Prom Dresses
Great Discounts On Evening Dresses Announced by AmorModa.com
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Vitamin Shoppe, Inc. To Contact The Firm
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Ventrus Biosciences, Inc. To Contact The Firm
Bruno Mars Ticket Prices Slashed at TicketProcess.com - Discounted Tickets Are Still Available With The Trusted Ticket Exchange Giant
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Delcath Systems, Inc. To Contact The Firm
The Rolling Stones Tour Tickets 2013 On Sale At TicketsTeam.com