EchoStar Q2 EPS $0.13 Vs. $0.16 Prior Year, Sales $453.11M Beat $451.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
EchoStar (NASDAQ:SATS) reported Q2 earnings of $0.13 per share, a decrease of 18.75% from the same period last year. However, the company's quarterly sales of $453.11 million beat the analyst consensus estimate of $451.90 million by 0.27%, despite being a 9.25% decrease from last year.
August 08, 2023 | 11:52 am
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NEGATIVE IMPACT
EchoStar's Q2 earnings per share decreased by 18.75% YoY, but sales beat estimates by 0.27%.
EchoStar's earnings per share decreased compared to the same period last year, which could negatively impact the stock price. However, the company's sales beat analyst estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100