UPDATE: EchoStar Posts Higher Q4 Profit

reported a rise in its earnings for the fourth quarter. Net income attributable to EchoStar common stock climbed to $54.8 million, or $0.59 per share, up from $4.5 million, or $0.05 per share, in the year-ago period. Its revenue rose to $843.9 million from $808 million. However, analysts were projecting earnings of $0.37 per share on revenue of $873 million. For the fiscal year, net income attributable to EchoStar common stock surged to $165.3 million, or $1.78 per share, versus $2.5 million, or $0.03 per share. Its revenue for the year climbed to $3,446 million from $3,282 million. EchoStar shares slipped 1.57% to close at $54.37 yesterday.