EchoStar (SATS) Q2 Earnings & Revenues Miss, Decline Y/Y

EchoStar Corporation (SATS) reported a second-quarter 2024 non-GAAP loss of 76 cents per share against earnings of 69 cents in the prior-year quarter. The bottom line was wider than the Zacks Consensus Estimate of a loss of 37 cents by 105.4%. Revenues in the quarter totaled $3.96 billion, down 9% year over year. The top line missed the consensus mark by 0.6%. Net subscriber losses in Pay-TV, Retail Wireless and Broadband and satellite services led to the downfall. Segmental Details In the reported quarter, ...