EchoStar Corp. SATS reported a rise in its earnings for the fourth quarter.
Net income attributable to EchoStar common stock climbed to $54.8 million, or $0.59 per share, up from $4.5 million, or $0.05 per share, in the year-ago period.
Its revenue rose to $843.9 million from $808 million. However, analysts were projecting earnings of $0.37 per share on revenue of $873 million.
For the fiscal year, net income attributable to EchoStar common stock surged to $165.3 million, or $1.78 per share, versus $2.5 million, or $0.03 per share. Its revenue for the year climbed to $3,446 million from $3,282 million.
EchoStar shares slipped 1.57% to close at $54.37 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in