SOURCE: EchoStar Corporation

EchoStar Corporation

May 02, 2011 06:15 ET

EchoStar Reports First Quarter 2011 Financial Results

ENGLEWOOD, CO--(Marketwire - May 2, 2011) - EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $480 million for the quarter ended March 31, 2011, a 23.5 percent decrease compared with $627 million for the corresponding period in 2010.

EchoStar reported net income attributable to common shareholders of $17 million for the quarter ended March 31, 2011, compared with $72 million during the corresponding period in 2010. Diluted earnings per share were $0.19 for the quarter ended March 31, 2011, compared with $0.84 during the corresponding period in 2010.

Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended March 31, 2011, filed today with the Securities and Exchange Commission.

EchoStar will host its first quarter 2011 financial results conference call today at 1 p.m. ET. The dial-in number is (877) 500-5931.

About EchoStar Corporation
EchoStar Corporation (NASDAQ: SATS) provides set-top box equipment, digital broadcast operations, and satellite services that enhance today's digital TV lifestyle, including products from Sling Media, Inc., a wholly owned subsidiary. Headquartered in Englewood, Colo., EchoStar has more than 25 years of experience designing, developing and distributing award-winning television set-top boxes and related products for pay television providers and is creating hardware and service solutions for cable, telco, IPTV and satellite TV companies. EchoStar includes a network of 10 digital broadcast centers and leased fiber optic capacity. EchoStar also delivers satellite services through 10 satellites and related FCC licenses. Visit www.echostar.com.

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