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Will Al-Jazeera carry EchoStar's Earnings Conference Call?
 

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It makes me wonder whether they intentionally picked the one day when nobody would notice their earnings ! :D

I actually listened to some of the Activision conference call today, and after 30 minutes of disclaimers, I tuned out. Zzzzz....

There goes swiftie...
 

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Looking Ahead: DISH 3Q Preview

In a short while, EchoStar will hold a conference to discuss DISH Network's third quarter results. As subscriber additions have started to slow and court appearances have become the norm, the question remains: What can we expect from DISH?
According to Kaufman Bros.' Todd Mitchell, things aren't necessarily as bad as some would have you believe. In fact, the analyst is predicting strong consolidated financial results for the period ending in September thanks to - not in spite of - decelerated subscriber growth.

Mitchell said the firm is projecting a 17 percent decrease in net additions totalling 213,000 compared to 255,000 year-over-year. The estimates are based on a 10 percent drop in gross adds to 811,000 from 900,000 last year, and a monthly churn rate of 1.6 percent. Key sources of new subs, the analyst said, are DISH's launch of local HD markets and a larger contribution from AT&T.

Kaufman Bros. estimates DISH to report a 12 percent increase in revenues to $2.39 billion and a 27 percent increase in EBITDA to $638 million (up from $501 a year ago). But with subscriber acquisition costs (SAC) per gross add up just seven percent and gross adds of by 10 percent from last year, Mitchell said total SAC as a percentage of total revenues is expected to fall to more than 25 percent.

"Shares of DISH are trading at close to their 52-week high (and) are within a reasonably close range to fair value," Mitchell said. "Wait for the competitive environment to settle down before getting constructive on DBS."

www.skyreport.com - used with permission
 

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Discussion Starter · #9 ·
Well, it appears they blew away net add predictions adding 295,000 subs vs 255,000 last year for this quarter and predictions, as above, of 213,000. The problem with blowing away the net adds figure is that it also blows out the projected cost figures and lowers projected earnings which came in at .31 vs. projections of .38 or so. It's the old I've got good news and I've got bad news situation.
 

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EchoStar Communications 3Q profit falls

Associated Press

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.

Quarterly revenue rose 16 percent to $2.47 billion from $2.13 billion.

Analysts polled by Thomson Financial were looking for earnings of 38 cents per share on sales of $2.44 billion.

The company said it added 295,000 new subscribers, ending the quarter with about 12.8 million subscribers.

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Source: http://www.sunherald.com/mld/sunherald/business/15949601.htm
 

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Darkman said:
EchoStar Communications 3Q profit falls

Associated Press

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.
So without the tax benefit they actually did better ... Still making money!
 

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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.

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Source: http://www.marketwatch.com/News/Sto...A14B-5F42C13513AD}&dist=rss&siteid=mktw&rss=1 (Page 2)
 

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kmcnamara said:
So their leasing program is biting them in the behind? That's kinda funny.
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.
 

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[QUOTE
. Lower programming margins, together with higher refurbishment and repair costs for returned EchoStar receiver systems >>

Those cheap HDMI connectors are not turning out to be so cheap anymore!!
 

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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.

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Source: http://www.marketwatch.com/News/Sto...A14B-5F42C13513AD}&dist=rss&siteid=mktw&rss=1 (Page 2)
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.
 
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