EchoStar Corp. (SATS) posted a first quarter net loss attributable to company of $202.7 million compared to a loss of $107.4 million, prior year. Net loss per share was $0.71 compared to a loss of $0.40. Analysts on average expected the company to report a loss per share of $0.80, for the quarter. Analysts' estimates typically exclude special items. Total revenue declined to $3.87 billion from $4.01 billion, previous year.
Hamid Akhavan, CEO, EchoStar, said: "We are pleased with the progress of our Wireless business and year-over-year net add subscriber growth. In addition, our Pay-TV segment continues to drive improvements in ARPU and churn, and our in-flight connectivity business advances, scaling and driving interest from airlines worldwide."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.