EchoStar reports Q3 EPS (44c), consensus (54c)

Reports Q3 revenue $3.97B, consensus $3.93B. “Overall, we made improvements in all of our lines of business and achieved our plan of ending the year delivering positive free cashflow,” said Hamid Akhavan, CEO and president, EchoStar (SATS) Corporation. “In addition, we had notable developments in our wireless business. Excluding the impact of ACP, our efforts resulted in consecutive quarter-over-quarter net positive subscriber growth since the first quarter of 2024, and last month the Boost Mobile Network was recognized as the number one mobile network in New York City. These are favorable trends we will work to capitalize on in 2025.”