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EchoStar: 4Q Earnings Snapshot

ENGLEWOOD, Colo. (AP) _ EchoStar Corp. (SATS) on Thursday reported a fourth-quarter loss of $111.6 million, after reporting a profit in the same period a year earlier.

The Englewood, Colorado-based company said it had a loss of $1.17 per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 1 cent per share.

The seller of set-top boxes and provider of satellite services to Dish Network posted revenue of $530.7 million in the period.

For the year, the company reported a loss of $40.5 million, or 42 cents per share, swinging to a loss in the period. Revenue was reported as $2.09 billion.

EchoStar shares have climbed 19 percent since the beginning of the year. The stock has declined 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SATS at https://www.zacks.com/ap/SATS