Monday, November 10, 2008

EchoStar Reports 3Q

Revs & sub loss look basically inline...they take $108M charge in EPS 'related to impairments on marketable and non-marketable securities'. Revs $2.94B vs St $2.90B. Net sub loss of 10K vs expectations for 15K loss (ests ranged from loss of 50K to gain of 10K). EPS not comparable bc of "$108 million decline in net earnings primarily related to impairments on marketable and non-marketable securities." CC 12pmET +800.616.6729. SATS also reports 3Q08 Earnings. CC after DISH at 1pmET +877.500.5931

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