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EchoStar Corporation: EchoStar Reports Second Quarter 2009 Financial Results

^{Published on 2009-08-10 03:25:02, Last Modified on 2009-08-10 03:25:10 - Market Wire}
 

ENGLEWOOD, CO--(Marketwire - August 10, 2009) - EchoStar Corporation (NASDAQ: [ SATS ]) today reported total revenue of $383 million for the quarter ended June 30, 2009, a 20.7 percent decrease compared with $483 million for the corresponding period in 2008.

EchoStar reported a net income attributable to common shareholders of $102 million for the quarter ended June 30, 2009, compared with a net income attributable to common shareholders of $48 million during the corresponding period in 2008. Basic earnings per share was $1.18 for the quarter ended June 30, 2009, compared with basic earnings per share of $0.53 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 June 30, 2009, filed today with the Securities and Exchange Commission.

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

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 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. EchoStar includes a network of 10 digital broadcast centers and leased fiber optic capacity with points of presence in approximately 160 U.S. cities. EchoStar also delivers satellite services through eight satellites and related FCC licenses. Visit [ www.echostar.com ].