Satellite service provider EchoStar posts Q1 earnings

By

The Associated Press

NEW YORK – JULY 07: Traders work the floor of the New York Stock Exchange (NYSE) July 7, 2005 in New York City. Four blasts ripped through London’s mas transit system at rush hour early July 7 killing people, and wounding hundreds. (Photo by Spencer Platt/Getty Images)

ENGLEWOOD, Colo. — EchoStar Corp. on Thursday reported earnings of $91.4 million in its first quarter.

The Englewood, Colorado-based company said it had net income of $1.06 per share. Earnings, adjusted for investment gains, came to 32 cents per share.

The company, which sells set-top boxes and provides satellite services, posted a revenue of $501.5 million in the period.