EchoStar Q3 Profit Dips - Quick Facts

(RTTNews) - EchoStar Corp. (SATS), a provider of satellite operations and video delivery solutions, Tuesday reported an decrease in its third-quarter net income, reflecting higher expenses, that offset the increase in revenues.

Net income attributable to EchoStar shareholders was $4.3 million, compared with $22.5 million a year ago. On a per share basis, earnings per Class A and B common stock was $0.05, compared with $0.26 last year.

On average, five analysts polled by Thomson Reuters expected the company to report loss per share of $0.08 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the three-month period increased to $848.9 million, from prior year's $764.7 million. Analysts expected the company to clock revenues of $813.79 million the quarter. Total other expenses were $41.9 million, compared with $2.02 million a year ago.