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Nasdaq:
DISH
EchoStar
Communications operates through two business units, the DISH Network and
EchoStar Technologies Corporation. The DISH Network offers a direct broadcast
satellite subscription television service in the United States.
http://www.echostar.com
EchoStar
Reports Fourth Quarter 2009 Financial Results
ENGLEWOOD,
CO, Mar 01, 2010 (MARKETWIRE via COMTEX News Network) -- EchoStar Corporation
(NASDAQ: SATS) today reported total revenue of $558 million for the quarter
ended Dec. 31, 2009, a 12 percent increase compared with $496 million for
the corresponding period in 2008. EchoStar reported a net loss of $30 million
for the quarter ended Dec. 31, 2009, compared with a net loss of $704 million
during the corresponding period in 2008. The diluted loss per share was
$0.37 for the quarter ended Dec. 31, 2009, compared with $7.89 during the
corresponding period in 2008.
For
the year ended Dec. 31, 2009, EchoStar reported total revenue of $1.904
billion compared with $2.151 billion for the year ended Dec. 31, 2008,
a decrease of 12 percent. EchoStar's net income for the year ended Dec.
31, 2009, totaled $365 million, compared with a $958 million loss for the
year ended Dec. 31, 2008. The diluted earnings per share was $4.24 for
the year ended Dec. 31, 2009, compared with diluted loss per share of $10.73
during the corresponding period in 2008.
Detailed
financial data and other information are available in EchoStar's Form 10-K
for the annual period ended Dec. 31, 2009, filed today with the Securities
and Exchange Commission.
About
EchoStar Corporation EchoStar Corporation (NASDAQ: SATS) provides equipment
sales, digital broadcast operations, and satellite services that enhance
today's digital TV lifestyle, including products from Sling Media, Inc.,
a wholly owned subsidiary. Headquartered in Englewood, Colo., EchoStar
has 25 years of experience designing, developing and distributing advanced
award-winning television set-top boxes and related products for pay television
providers and is creating hardware and service solutions for cable, telco,
IPTV and satellite TV companies worldwide. The company includes a network
of 10 digital broadcast centers. EchoStar also delivers satellite services
through 10 owned and leased in-orbit satellites and related FCC licenses.
Visit www.echostar.com.
EchoStar
will host its Fourth Quarter and year end 2009 financial results conference
call today at 1 p.m. ET. The dial-in number is (877) 500-5931.
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