EchoStar Corporation (NASDAQ:SATS) shares are trading higher on Friday. The company reported a loss of 71 cents per share, missing the analyst consensus estimate of 69 cents loss. EchoStar registered quarterly sales of $3.87 billion (down 3.6% year-over-year), in line with the Street view.
DISH’s Pay-TV revenue declined to $2.54 billion, down 6.9% year-over-year. Wireless revenue rose to $973 million, a 6.4% increase from the prior year. Broadband and Satellite Services revenue dropped to $371 million, reflecting a 3.1% year-over-year decline.
“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,” said Hamid Akhavan, president and CEO, EchoStar.
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The company’s capex and capitalized interest totaled $378 million in the first quarter of 2025, down 44.2% year-over-year.
The company exited the quarter with cash and equivalents worth $2.529 billion and inventory worth $413.365 million.
According to Benzinga Pro, SATS stock has gained over 56% in the past year. Investors can gain exposure to the stock via Procure Space ETF (NASDAQ:UFO) and Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM).
The company had cash and marketable securities worth $5.4 billion, up $4.5 billion year-over-year.
Price Action: SATS shares are trading higher by 3.44% to $24.67 at last check on Friday.
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This article What’s Going On With EchoStar Stock Friday? originally appeared on Benzinga.com
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