EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $844 million for the quarter ended December 31, 2014 compared to $808 million for the corresponding period in 2013. Total revenue for the fiscal year ending December 31, 2014 was $3,446 million compared to $3,282 million for the corresponding period in 2013.
EchoStar reported net income attributable to EchoStar common stock of $54.8 million and diluted earnings per share of $0.59 for the quarter ended December 31, 2014, compared with net income attributable to EchoStar common stock of $4.5 million and diluted earnings per share of $0.05 during the corresponding period in 2013. For the fiscal year ending December 31, 2014, net income attributable to EchoStar common stock was $165.3 million and diluted earnings per share was $1.78 compared to net income attributable to EchoStar common stock of $2.5 million and diluted earnings per share of $0.03 for the corresponding period in 2013.
Detailed financial data and other information are available in EchoStar’s Form 10-K for the year ended December 31, 2014 filed today with the Securities and Exchange Commission.
EchoStar will host its fourth quarter 2014 financial results conference call today at 10:00 a.m. Eastern Time. The dial-in numbers are 1-877-815-1625 (US) and 716-247-5178 (International), Conference ID # 84567352.
This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “project,” “plans,” and similar expressions and the use of future dates are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. These statements are subject to certain risks, uncertainties, and assumptions. See “Risk Factors” in EchoStar’s Annual Report on Form 10-K for the year ended December 31, 2014, filed today with the Securities and Exchange Commission and in the other documents EchoStar files with the Securities and Exchange Commission from time to time.
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is the premier global provider of satellite operations and video delivery solutions. EchoStar’s wholly owned subsidiary, Hughes, is the world’s leading provider of satellite broadband services, delivering network technologies and managed services in more than 100 countries.
Headquartered in Englewood, Colo., with business units worldwide, EchoStar is a multiple Emmy award-winning company that has pioneered advancements in the TV and satellite industries for nearly 30 years, consistently delivering value for customers, partners and investors. Over the last three decades, EchoStar’s innovations in video technology have impacted the way consumers view, receive and manage TV programming, garnering numerous awards in recognition of EchoStar’s advancements to the media landscape.
EchoStar’s consumer solutions include HughesNet®, North America’s #1 high-speed satellite Internet service; Sling Media’s Slingbox® products; EchoStar’s line of advanced digital video set-top-box products for the satellite and terrestrial viewer markets, including the Hopper® and Joey®; and further contributions to the worldwide TV experience through partnerships in Canada, Mexico and Europe.
For more information, visit www.echostar.com.
