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EchoStar Reports Third Quarter 2009 Financial Results

^{Published on 2009-11-09 03:07:16 - Market Wire}
 

ENGLEWOOD, CO--(Marketwire - November 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.

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 nine satellites and related FCC licenses. Visit [ www.echostar.com ].