ENGLEWOOD, Colo. (AP) _ EchoStar Corp. (SATS) on Thursday reported a first-quarter loss of $21.6 million, after reporting a profit in the same period a year earlier.
The Englewood, Colorado-based company said it had a loss of 22 cents per share. Earnings, adjusted for investment costs, came to 16 cents per share.
The seller of set-top boxes and provider of satellite services to Dish Network posted revenue of $501.8 million in the period.
EchoStar shares have dropped 14 percent since the beginning of the year. The stock has declined 12 percent in the last 12 months.