ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — EchoStar Corp. (SATS) on Friday reported a loss of $306.1 million in its second quarter.
On a per-share basis, the Englewood, Colorado-based company said it had a loss of $1.06.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.12 per share.
The seller of set-top boxes and provider of satellite services to Dish Network posted revenue of $3.72 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $3.83 billion.
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