So without the tax benefit they actually did better ... Still making money!Darkman said:EchoStar Communications 3Q profit falls
ENGLEWOOD, Colo. - Satellite television operator EchoStar Communications Corp. said Tuesday that its third-quarter profit tumbled 33 percent compared with the year-ago period, which was boosted by a tax benefit.
Net income fell to $140 million, or 31 cents per share, from $209 million, or 46 cents per share, a year earlier.
Last year's results were aided by a tax benefit of $73 million.
There is always going to be a transition period when going from one model to the next. E* embarked on it much sooner and they seem to be much more comfortable with their setup than D* and their subscribers are.kmcnamara said:So their leasing program is biting them in the behind? That's kinda funny.
I remember when Charlie announced the $199 upgrade to the 622, he said that the shareholders weren't going to be happy with the numbers. E* has essentially replaced its entire deployment of HD receivers for very little money up front.Darkman said:EchoStar profit drops 33% as costs outpace revenue rise (6:21 AM ET) LONDON (MarketWatch) -- EchoStar Communications (DISH) said third-quarter net income declined 33% to $140 million, or 31 cents a share, from $209 million, or 46 cents a share. Revenue rose to $2.47 billion from $2.13 billion. Analysts polled by Thomson First Call were looking for earnings of 38 cents a share. The operator of the DISH Network said it added 295,000 net new subscribers during the period but subscriber acquisition costs rose 9%. Lower programming margins, together with higher refurbishment and repair costs for returned EchoStar receiver systems associated with increased penetration of equipment lease programs lifted expenses, it said. Monthly average revenue per subscriber was $62.86 against $57.87 last year.
Source: http://www.marketwatch.com/News/Sto...A14B-5F42C13513AD}&dist=rss&siteid=mktw&rss=1 (Page 2)