EchoStar Corp (SATS) missed earnings projections on 11/6/2023 for Q3 2023.
The stock is down 24.55% to $11.65 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Echostar Corp a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 45. Meanwhile, the average Wall Street analyst rated the stock a Buy.
EchoStar Corporation is a provider of broadband technology and video delivery solutions for the home and office. The firm operates in two segments - Hughes, which provides satellite broadband Internet access to North American customers and EchoStar Satellite Services, which uses owned and leased in-orbit satellites to provide services primarily to DISH Network.
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Echostar Corp Down 24.55% To $11.65 After Earnings
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