EchoStar Reports Third Quarter 2006 Financial Results:
EchoStar Reports Third Quarter 2006 Financial Results
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Nov. 7, 2006--EchoStar Communications Corporation (Nasdaq
ISH) 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(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 for the quarterly period ended September 30, 2006, filed with the Securities and Exchange Commission.
About EchoStar Communications
EchoStar Communications Corporation (NASDAQISH) 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, 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) 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." 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.
CONTACT: EchoStar Communications Corporation
Jason Kiser, 303-723-2210 (Investor Relations)
jason.kiser@echostar.com
Kathie Gonzalez, 303-723-2010 (Media Relations)
kathie.gonzalez@echostar.com
SOURCE: EchoStar Communications Corporation
http://phx.corporate-ir.net/phoenix.zhtml?c=68854&p=irol-newsArticle&ID=927674&highlight=
EchoStar Reports Third Quarter 2006 Financial Results
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Nov. 7, 2006--EchoStar Communications Corporation (Nasdaq
ISH) 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(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 for the quarterly period ended September 30, 2006, filed with the Securities and Exchange Commission.
About EchoStar Communications
EchoStar Communications Corporation (NASDAQ
ISH) 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, 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) 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." 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.
CONTACT: EchoStar Communications Corporation
Jason Kiser, 303-723-2210 (Investor Relations)
jason.kiser@echostar.com
Kathie Gonzalez, 303-723-2010 (Media Relations)
kathie.gonzalez@echostar.com
SOURCE: EchoStar Communications Corporation
http://phx.corporate-ir.net/phoenix.zhtml?c=68854&p=irol-newsArticle&ID=927674&highlight=
