EchoStar Reports Third Quarter 2007 Financial Results

[Slamminc11]

EchoStar Reports Third Quarter 2007 Financial Results

ENGLEWOOD, Colo., Nov 9, 2007 (PrimeNewswire via COMTEX News Network) -- EchoStar Communications Corporation (NasdaqISH) reported total revenue of $2.79 billion for the quarter ended September 30, 2007, a 12.9 percent increase compared with $2.48 billion for the corresponding period in 2006.
Net income totaled $200 million for the quarter ended September 30, 2007, compared with $140 million during the corresponding period in 2006. Basic earnings per share was $0.45 for the quarter ended September 30, 2007, compared with basic earnings per share of $0.31 during the corresponding period in 2006.
EchoStar's DISH Network(r) service, the nation's third largest pay-TV provider, added approximately 110,000 net new subscribers during the third quarter of 2007, ending the quarter with approximately 13.695 million subscribers.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended September 30, 2007, filed with the Securities and Exchange Commission.
EchoStar Reports Third Quarter 2007 Financial Results

 

[Juan]

D* skunked them this qurter

 

[riffjim4069]

D* skunked them this qurter

"The DIRECTV Group reported that third quarter 2007 operating profit of $566 million and net income of $319 million declined 10% and 14%, respectively, compared with last year's third quarter."

If you review the the fundamentals like earnings, revenue and profit margin...or even the technicals (short-term price movements), you'll see there is not too much difference in how the two performed...tight earnings and low-profit margines for both.

Yes, the subscriber acquisition numbers were better at D* thanks to false advertising and more than 2 years of screwing over their HD customers. I am surprised that D* and E* are still picking up so many disgruntled cable customers. Even the triple play and a variety of freebies can't make up for more than 25 years of being bent-over by the cable companies.

It's too bad Verizon can't bury fiber to the home any quicker...if they did, D* and E* subscriber numbers would plummet.

 

[EricBskiVT]

D* skunked them this qurter

I don't know about that. D* net revenues have decreased while E* net revenues have increased. D* is addressing the problem with rate hikes and are getting sued by HDNet in the process. Both sat providers are skunking cable providers as folks realized that Sat is where it is at for HD.

 

[tigerfan33]

I would be very interested to see how many subs left Dish to go to Direct within the last 3 months. I think alot of us are waiting for Verizon and maybe AT&T to put its lines in so we can have another choice. Maybe by the time the lines are out to everyone, the boxs will be has good as Dish.

 

[pdxsam]

There was a 1.7% churn rate. Slightly up from 1.4 for the same period last year.
That's going to be the stick on which Dish acts. If churn stays up for the 4th quarter Wall Street is going to start pestering Charlie with hard questions. He hates questions : )

 

[aramus8]

Yes, the subscriber acquisition numbers were better at D* thanks to false advertising

D*'s advertising doesn't hold a candle to the lies E* spews. Yeah, sure you get over 70 HD channels with E* and of course all the NFL coverage they have. Wait until the forth quarter results when E*'s business practices really come back to bite them. If E* were honest, the only thing they have left to brag about is VOOM and that won't cause a subscriber stampede.

 

[ScoBuck]

Yes, the subscriber acquisition numbers were better at D* thanks to false advertising and more than 2 years of screwing over their HD customers.

These results represent the 3rd Quarter - BEFORE DirecTV HD ads started. The ads running in the 3rd Quarter, were the same that had been running previously - during the time DISH was doing better. No need to blame DirecTV for the results that DISH had.