UPDATE 1-Echostar posts surprise Q3 profit

* Q3 EPS $0.06 vs est. loss/shr $0.02

* Q3 rev $607 mln vs est. $552.0 mln

Nov 5 (BestGrowthStock) – Communication equipment provider EchoStar
Corp (SATS.O: ) posted a surprise quarterly profit, helped mainly
by robust growth in its set-top business.

The company reported a net income of $5 million, or 6 cents
a share, compared with net income of $294 million, or $3.45 a
share, a year ago.

Revenue for the company, which depends on DISH Network
(DISH.O: ) for its digital set-top box business, rose 26 percent
to $607 million.

The digital set-top box business, which contributed about
90 percent to the company’s revenue in the quarter, saw revenue
rise 22 percent to $535.9 million.

Analysts on average were looking for a loss of 2 cents a
share on revenue of $552 million.

Shares of the company closed at $21.35 Thursday on Nasdaq.
(Reporting by Mansi Dutta in Bangalore; Editing by
Unnikrishnan Nair)

UPDATE 1-Echostar posts surprise Q3 profit