UPDATE: EchoStar Swings To Q2 Profit; Shares Surge In Pre-Market

EchoStar Corp (NASDAQ: SATS) swung to a profit of $18.5 million in the second quarter, versus a year-ago loss.

EchoStar reported its quarterly earnings at 18.5 million, or $0.21 per share, versus a loss of $41.5 million, or $0.49 per share, in the year-ago quarter. Its revenue declined 3.1% to $584.2 million from $603 million.

EchoStar shares jumped 8.99% to $27.53 in pre-market trading.