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Echostar Reports Loss

Submitted by Todd Sullivan on Mon, 03/02/2009 - 11:20.
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Echostar

Looks like DirecTV (NYSE:DTV) is the only cable/satellite makes making money.

 

Echostar Corp. (NASDAQ:SATS) reported Monday a fourth-quarter loss of $690 million, or $7.73 a share, compared to a loss of $45 million, or 51 cents a share, from the year-ago period. The Englewood, Colo., broadcast provider said revenue rose to $496 million from $361 million last year. Shares of Echostar closed Friday at $16.38, down a fraction.

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