EchoStar Q3 Earnings And Sales Falter, But Gains Ground With Sling TV Subscribers

EchoStar Corporation (NASDAQ:SATS) shares are trading lower on Tuesday.

The company reported third-quarter loss per share of 52 cents, missing the analyst consensus loss estimate of 37 cents. Quarterly sales of $3.890 billion (down 5.3% year over year) missed the street view of $3.909 billion.

In the third quarter, Net Pay-TV subscribers dropped by about 43,000, while Sling TV gained 145,000 subscribers. The company ended the quarter with 8.03 million total Pay-TV subscribers, including 5.89 million DISH TV subscribers and 2.14 million Sling TV subscribers.

“Our efforts focused on profitable customer acquisition and retention, strengthening our consumer offerings and enhancing our nationwide Open RAN 5G network,” ...