- EchoStar (NASDAQ:SATS) is up 2.2% after mixed results in its Q4 earnings showed revenue declines in but an increase in underlying profitability.
- Revenue fell 6.3% and missed expectations, but EBITDA rose 2.8% to $229.1M, beating an expected $217M, driven by gains at Hughes and EchoStar Technologies that offset a drop in satellite services.
- Cash and equivalents were at $3.09B as of Dec. 31.
- Revenue by segment: Hughes, $370.9M (up 6.8%); EchoStar Technologies Corp., $266.1M (down 18.2%); EchoStar Satellite Services, $101.7M (down 12.5%); other, $1.66M (down 18.5%).
- Press Release