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EchoStar Reports First Quarter 2010 Financial Results

^{Published on 2010-05-10 03:45:09 - Market Wire}
 

ENGLEWOOD, CO--(Marketwire - May 10, 2010) - EchoStar Corporation (NASDAQ: [ SATS ]) today reported total revenue of $627 million for the quarter ended March 31, 2010, a 31 percent increase compared with $480 million for the corresponding period in 2009.

EchoStar reported a net income of $72 million for the quarter ended March 31, 2010, compared with a net loss of $1 million during the corresponding period in 2009. Basic earnings per share was $0.85 for the quarter ended March 31, 2010, compared with basic loss per share of $0.01 during the corresponding period in 2009.

Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended March 31, 2010, filed today with the Securities and Exchange Commission.

EchoStar will host its First Quarter 2010 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 more than 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 10 satellites and related FCC licenses. Visit [ www.echostar.com ].