Mark Holtz
08-09-05, 04:57 AM
From Market Pulse:
EchoStar quarterly profit rises on tax benefit, tops view
Satellite television services provider EchoStar Communications Corp. said second-quarter net profit rose to $856 million, or $1.89 per basic share, from $85 million, or 18 cents per basic share, in the year-earlier quarter, helped by a tax benefit of $593 million, or $1.31 a share. Excluding one-time items, the company would have earned 58 cents a share, topping the average forecast for earnings of 44 cents a share of analysts polled by Thomson First Call. Revenue for the period rose 18% to $2.1 billion, in line with the First Call forecast.
ORIGINAL ARTICLE HERE (http://biz.yahoo.com/cbsmb/050809/95aaa2855b1a4e69b46b41fc2e38c961.html?.v=2)
Also, see: AP: EchoStar's 2Q Profit Rises on Tax Gain (http://biz.yahoo.com/ap/050809/earns_echostar.html?.v=3) Reuters: EchoStar profit up on more subscribers, tax benefit (http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh7347 9_2005-08-09_10-19-15_wen7204_newsml) Press Release: EchoStar Reports Second Quarter 2005 Financial Results (http://biz.yahoo.com/bw/050809/95246.html?.v=1) EDGAR: Form 10-Q for ECHOSTAR COMMUNICATIONS CORP (http://biz.yahoo.com/e/050809/dish10-q.html) Reuters: EchoStar net up on more subscribers (http://biz.yahoo.com/rb/050809/media_echostar_earns.html?.v=1)An earnings conference call (http://biz.yahoo.com/cc/6/58916.html) is scheduled for noon ET today.
EchoStar quarterly profit rises on tax benefit, tops view
Satellite television services provider EchoStar Communications Corp. said second-quarter net profit rose to $856 million, or $1.89 per basic share, from $85 million, or 18 cents per basic share, in the year-earlier quarter, helped by a tax benefit of $593 million, or $1.31 a share. Excluding one-time items, the company would have earned 58 cents a share, topping the average forecast for earnings of 44 cents a share of analysts polled by Thomson First Call. Revenue for the period rose 18% to $2.1 billion, in line with the First Call forecast.
ORIGINAL ARTICLE HERE (http://biz.yahoo.com/cbsmb/050809/95aaa2855b1a4e69b46b41fc2e38c961.html?.v=2)
Also, see: AP: EchoStar's 2Q Profit Rises on Tax Gain (http://biz.yahoo.com/ap/050809/earns_echostar.html?.v=3) Reuters: EchoStar profit up on more subscribers, tax benefit (http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh7347 9_2005-08-09_10-19-15_wen7204_newsml) Press Release: EchoStar Reports Second Quarter 2005 Financial Results (http://biz.yahoo.com/bw/050809/95246.html?.v=1) EDGAR: Form 10-Q for ECHOSTAR COMMUNICATIONS CORP (http://biz.yahoo.com/e/050809/dish10-q.html) Reuters: EchoStar net up on more subscribers (http://biz.yahoo.com/rb/050809/media_echostar_earns.html?.v=1)An earnings conference call (http://biz.yahoo.com/cc/6/58916.html) is scheduled for noon ET today.