DISH Network Corporation (NASDAQ: DISH) and former partner EchoStar Corp. (NASDAQ: SATS) have both reported earnings this morning.
DISH (DISH) earned $0.48 EPS on a 1% decline in revenues to $2.92 billion. This is under estimates of $0.49 EPS and $2.96 billion in revenue, but the miss here is so close that in today’s market it might be considered a win. DISH also lost 102,000 net subscribers by its own count.
EchoStar Corp. (SATS) is where this gets convoluted. It posted a rather large loss at -$7.73 EPS on $496 million in revenue. $247 million of the loss was a goodwill write down of $247 million for the purchase of Sling Media and $216 million in investment losses. We do not have enough estimates on this one for it to really count, but consensus were about $563.3 million.
Neither stock has traded this morning.
Jon C. Ogg
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
