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Highlights from EchoStar’s 2018 First Quarter Results

By | May 10, 2018
EchoStar headquarters.

EchoStar headquarters. Photo Credit: Cheyenne Leads.

EchoStar Corporation has announced its financial results for the quarter ended March 31 with consolidated revenues of $501.8 million. Its consolidated net loss from continuing operations reached $21.2 million, while consolidated net loss attributable to EchoStar common stock was $21.6 million. Diluted losses per share were $0.22. Included in these amounts are net losses on investments of $36.7 million. Excluding these net losses, diluted earnings per share would have been $0.16.

Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) reached $165.7 million, including net losses on investments of $36.7 million. Excluding these net losses, EBITDA would have been $202.4 million.

Hughes broadband subscribers were approximately 1,267,000 as of March 31.

Cash, cash equivalents and current marketable investment securities were $3.3 billion.

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