EchoStar reports Q4 EPS 59c, consensus 29c

Reports Q4 revenue $499.86M, consensus $483.25M. "The EchoStar team finished 2022 with a solid performance, continuing to optimize operations and asset yields," said Hamid Akhavan, CEO and president of EchoStar. "In the near term, we remain focused on operating the business in an efficient manner and preparing for the launch of our upcoming EchoStar XXIV/JUPITER 3 satellite as a catalyst for new growth. We have also made tangible strides toward expanding our future capabilities as we begin construction on a global S-band mobile satellite service network."