EchoStar Reports Third Quarter 2006 Financial Results.ENGLEWOOD Englewood (ĕng`gəlw  d).1 City (1990 pop. 29,387), Arapahoe co., N central Colo., on the South Platte River, a residential and industrial suburb of Denver; inc. 1903. , Colo. -- EchoStar Communications Corporation EchoStar Communications Corporation (NASDAQ: DISH) is the parent company of DISH Network and the maintainer of the satellite fleet that provides the signal that DISH Network markets. (Nasdaq:DISH) reported total revenue of $2.47 billion for the quarter ended September 30, 2006, a 16 percent increase compared with $2.13 billion for the corresponding period in 2005. Net income totaled $140 million for the quarter ended September 30, 2006, compared with $209 million during the corresponding period in 2005. Basic earnings per share was $0.31 for the quarter ended September 30, 2006, compared with $0.46 during the corresponding period in 2005. Net income for the quarter ended September 30, 2005, included a non-recurring, non-cash benefit of approximately $73 million to recognize the tax benefits of previously reported tax losses. DISH Network See DBS. [TM] added approximately 295,000 net new subscribers during the third quarter of 2006, ending the quarter with approximately 12.755 million subscribers. Detailed financial data and other information are available in EchoStar's Form 10-Q Form 10-Q See 10-Q. for the quarterly period ended September 30, 2006, filed with the Securities and Exchange Commission. About EchoStar Communications EchoStar Communications Corporation (NASDAQ:DISH) serves more than 12.755 million satellite TV customers through its DISH Network[TM], and is a leading U.S. provider of advanced digital television services. DISH Network's services include hundreds of video and audio channels, Interactive TV, HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates , sports and international programming, together with professional installation and 24-hour customer service. EchoStar has been a leader for more than 25 years in satellite TV equipment sales and support worldwide. EchoStar is included in the Nasdaq-100 Index (NDX NDX Index NDX Index (File Name Extension) NDX Northern Document Exchange NDX Index File ) and is a Fortune 500 company. Visit EchoStar's Web site at www.echostar.com or call 1-800-333-DISH (3474). EchoStar will host its Third Quarter 2006 earnings conference call today at noon ET. The call will be broadcast live from EchoStar's website, www.echostar.com. To access the webcast of this event, go to www.echostar.com, then select "Investor Relations Investor relations The process by which the corporation communicates with its investors. ." A one-time replay of the webcast will be available on the investor relations page of www.echostar.com on November 7, 2006, at 9 p.m. ET. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion