EchoStar Q1 Sales $4.014B Miss $4.061B Estimate
Portfolio Pulse from Benzinga Newsdesk
EchoStar (NASDAQ:SATS) reported Q1 sales of $4.014 billion, missing the consensus estimate of $4.061 billion by 1.16%. This represents an 813.11% increase over the same period last year, where sales were $439.597 million.
May 08, 2024 | 10:08 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
EchoStar reported Q1 sales of $4.014 billion, missing estimates by 1.16% but showing significant YOY growth of 813.11%.
While EchoStar missed the sales estimates slightly, the significant year-over-year growth of 813.11% could be seen positively by investors. The miss is narrow, suggesting that the impact on the stock price could be neutral in the short term as the market digests both the miss and the growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100