EchoStar Q4 Earnings Beat Estimates Despite Lower Revenues, Stock Up

EchoStar Corporation (SATS) reported fourth-quarter 2024 non-GAAP earnings of $1.23 per share compared with$1.21 in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate by 296%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $4 billion, down 5% year over year. The top line met the consensus mark. Weak demand trends across Pay-TV, Wireless and Broadband and satellite services led to the contraction. Subscriber losses across P ...