EchoStar Q4 EPS $(7.48) Down From $3.21 YoY, Sales $4.16B Beat $3.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
EchoStar reported a significant decrease in its Q4 earnings per share (EPS) to $(7.48) from $3.21 year-over-year (YoY), although its sales of $4.16 billion exceeded the estimated $3.89 billion.
March 01, 2024 | 8:27 am
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EchoStar's Q4 earnings showed a drastic decline in EPS to $(7.48) from $3.21 YoY, but sales exceeded expectations at $4.16 billion against a $3.89 billion estimate.
The significant drop in EPS indicates a substantial decrease in profitability, which is likely to negatively impact investor sentiment and the stock price of EchoStar in the short term. However, the beat on sales estimates might provide some cushion to the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100