Recap: EchoStar Q1 Earnings - EchoStar (NASDAQ:SATS)

EchoStar SATS reported its Q1 earnings results on Thursday, May 5, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

EchoStar beat estimated earnings by 194.44%, reporting an EPS of $1.06 versus an estimate of $0.36.

Revenue was up $18.95 million from the same period last year.

Last quarter the company missed on EPS by $0.66 which was followed by a 7.9% increase in the share price the next day.

Here's a look at EchoStar's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.39	0.34	0.07	-0.04
EPS Actual	-0.27	0.38	0.41	0.84
Revenue Estimate	507.60M	493.85M	479.20M	466.90M
Revenue Actual	498.64M	504.66M	499.83M	482.58M

To track all earnings releases for EchoStar visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.