EchoStar: Q2 Earnings Insights - EchoStar (NASDAQ:SATS)

EchoStar SATS reported its Q2 earnings results on Thursday, August 4, 2022 at 06:00 AM.

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

EchoStar missed estimated earnings by 38.46%, reporting an EPS of $0.16 versus an estimate of $0.26.

Revenue was down $518 thousand from the same period last year.

Last quarter the company beat on EPS by $0.7 which was followed by a 4.48% drop in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.36	0.39	0.34	0.07
EPS Actual	1.06	-0.27	0.38	0.41
Revenue Estimate	482.15M	507.60M	493.85M	479.20M
Revenue Actual	501.53M	498.64M	504.66M	499.83M

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.