EchoStar Reports Third Quarter 2009 Financial Results

[Scott Greczkowski]

EchoStar Reports Third Quarter 2009 Financial Results



ENGLEWOOD, Colo., Nov. 9, 2009 - EchoStar Corporation (Nasdaq: SATS) today reported total revenue of $483 million for the quarter ended Sept. 30, 2009, a 21.6 percent decrease compared with $616 million for the corresponding period in 2008.

EchoStar reported a net income attributable to common shareholders of $294 million for the quarter ended Sept. 30, 2009, compared with a net loss attributable to common shareholders of $308 million during the corresponding period in 2008. Basic earnings per share was $3.45 for the quarter ended Sept. 30, 2009, compared with a basic loss per share of $3.43 during the corresponding period in 2008.

Detailed financial data and other information are available in EchoStar’s Form 10-Q for the quarterly period ended Sept. 30, 2009, filed today with the Securities and Exchange Commission.

EchoStar will host its Third Quarter 2009 financial results conference call today at 1 p.m. ET. The dial-in number is (877) 500-5931.

[DishSubLA]

Interesting that nobody comments on the Echostar quarterlies on this board. Sure Dish is more high profile, but Echostar is Charlie's future and needs to do reasonably well.