EchoStar Corp (NASDAQ:SATS) shares are trading lower on Friday.
The company reported adjusted fourth-quarter earnings per share of $1.21, beating the analyst consensus of $(0.10) loss.
The company reported quarterly revenues of $4.163 billion, beating the street view of $3.895 billion. Sales fell 8.2% year over year.
The net decrease in revenue primarily resulted from subscriber declines, most significantly in the Pay-TV segment.
Net loss attributable …
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