EchoStar Earnings Move Into The Red
By Jeff Malester -- TWICE, 5/6/2004 8:34:00 AM
Englewood, Colo. — Dish Network satellite digital-television services provider EchoStar Communications recorded a first quarter 16 percent increase in revenue, hitting $1.6 billion, up from $1.4 billion in the year-ago period.
But the company reported a net loss of $42.9 million in the first three months, compared with net income of $57.9 million year-on-year, due primarily to $78 million in charges associated with the early redemption of bonds. The pro forma net loss was $47.1 million in the first quarter, compared with a pro forma profit of $53.8 million in the same three months last year.
Read the rest at http://www.twice.com/article/CA415531.html?display=breaking+news
By Jeff Malester -- TWICE, 5/6/2004 8:34:00 AM
Englewood, Colo. — Dish Network satellite digital-television services provider EchoStar Communications recorded a first quarter 16 percent increase in revenue, hitting $1.6 billion, up from $1.4 billion in the year-ago period.
But the company reported a net loss of $42.9 million in the first three months, compared with net income of $57.9 million year-on-year, due primarily to $78 million in charges associated with the early redemption of bonds. The pro forma net loss was $47.1 million in the first quarter, compared with a pro forma profit of $53.8 million in the same three months last year.
Read the rest at http://www.twice.com/article/CA415531.html?display=breaking+news