EchoStar's Wireless Subscriber Growth Comes At A Cost, Says Analyst

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EchoStar's Wireless Subscriber Growth Comes At A Cost, Says Analyst - Benzinga

Quick Summary:

The analyst notes that, during the earnings call, CEO Hamid Akhavan reiterated the company’s ambition to establish itself as a “leading provider of global direct-to-device connectivity,” leveraging its international S-band spectrum and domestic AWS-4 assets.

The company reported a loss of 71 cents per share, missing the analyst consensus estimate of 69 cents loss and sales of $3.87 billion, in line with the Street view.

JP Morgan analyst Sebastiano C Petti expressed views on EchoStar Corporation (NASDAQ:SATS) earnings reported on May 9.