EchoStar (SATS) Reports Q2 Loss, Lags Revenue Estimates

EchoStar (SATS) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of$ 0.37. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -105.41%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of$ 0.17 per share when it actually produced a loss of $0.40, delivering a surpri ...