EchoStar (SATS) Reports Q3 Loss, Misses Revenue Estimates
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EchoStar (SATS) reported a Q3 loss of $0.52 per share, missing the Zacks Consensus Estimate of a $0.28 loss. This is a significant decline from the $0.15 earnings per share reported a year ago.
November 12, 2024 | 3:30 pm
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EchoStar reported a Q3 loss of $0.52 per share, missing the expected loss of $0.28 and showing a decline from last year's $0.15 EPS.
The reported loss per share of $0.52 is significantly worse than the expected loss of $0.28, indicating a negative surprise for investors. Additionally, the decline from last year's earnings of $0.15 per share suggests deteriorating financial performance, likely leading to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100