EchoStar (SATS) Reports Q1 Loss, Tops Revenue Estimates

EchoStar (SATS) came out with a quarterly loss of $0.71 per share versus the Zacks Consensus Estimate of a loss of$ 0.90. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.11%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of$ 0.63 per share when it actually produced earnings of $1.24, delivering a surprise o ...