EchoStar Reports First Quarter 2007 Financial Results

[Slamminc11]

ENGLEWOOD, Colo., May 10, 2007 (PRIME NEWSWIRE) -- EchoStar Communications Corporation (NasdaqISH) reported total revenue of $2.64 billion for the quarter ended March 31, 2007, a 15 percent increase compared with $2.30 billion for the corresponding period in 2006.

Net income totaled $157 million for the quarter ended March 31, 2007, compared with $147 million during the corresponding period in 2006. Basic earnings per share were $.35 for the quarter ended March 31, 2007, compared with basic earnings per share of $.33 during the corresponding period in 2006.

DISH Network(tm) added approximately 310,000 net new subscribers during the first quarter of 2007, ending the quarter with approximately 13.415 million subscribers.

Detailed financial data and other information are available today in EchoStar's Form 10-Q for the quarterly period ended March 31, 2007 filed with the Securities and Exchange Commission.
http://phx.corporate-ir.net/phoenix.zhtml?c=68854&p=irol-newsArticle&ID=998488&highlight=

 

[jrbdmb]

It appears that the rumors of E* death (from loss of distants, loss of MLB EI, no "triple play" combo to combat cable, no real VOD, less HD than D* plans to have someday ) have been greatly exaggerated. Kudos to Dish for the net add of 310,000 subs.

 

[Peter Parker]

Analysts were expecting a higher profit number. So as good as these numbers may look to some of us don't expect the stock price to surge today.

 

[gadgtfreek]

Still adding more net subs than D* per qtr with no advertising, pretty funny.

 

[RealityCheck]

Loss of MLB occurred AFTER the first quarter,

 

[Scott Greczkowski]

Because of the low number of subs who subscribed to MLB I don't think it would make much of a difference anyways.

 

[RealityCheck]

Agreed. Just mentioned for accuracy.

 

[Kru83]

it alwasy shocks me how D$ gets more subs, and more money w/o doing any advertise ??? its all on word of mouth.

 

[Scott Greczkowski]

Should we open the chat room for the earnings call today?

 

[mwgiii]

I'm bored and will be listening to the call.

I will pop into the chat room if it's open.

 

[gadgtfreek]

Scott, when is it and can we listen?

 

[gadgtfreek]

Scott, when is it and can we listen?

Nevermind, I used my brain and looked on their site.

 

[Scott Greczkowski]

Chat room is open. http://www.satelliteguys.us

I am listening to the call on the phone since I cant find the link to listen on Echostar site.

I am not going to report numbers here, as those are available online, I am just going to post any notes of interest to our members.

 

[Scott Greczkowski]

Operator welcomes us to the "Acho Star" earnings call.

Now the audio is blank.

OK here we go.

 

[Scott Greczkowski]

Very strange call.

No recap of Q1 results instead they go into questions

 

[Scott Greczkowski]

Charlie says Dish Networks success is because of their HD customers and their friendly easy to use HD DVR. He says the take on HD is stronger then they thought it would be.

 

[Scott Greczkowski]

BTW I had to listen on the phone as it appears they never turned on the webcast link.

 

[Neutron]

It would be nice if he mentioned Satelliteguys, lol.

 

[Scott Greczkowski]

Still just financial questions, nothing interesting to report.

I hate questions, such as, looking at the APRU from the 10q, can you tell me the EBITA for the capex for the quarter. (anyones head spinning?)

 

[mwgiii]

ARPU is an interesting number to compare to other quarters/years. It is the Average Revenue Per User i.e. what is the average bill of Dish's customers.