EchoStar CorporationRevenue beat estimates but stock fell 12%, indicating investor disappointment despite earnings beat.
EchoStar reported fourth-quarter revenue of $3.80 billion, down 4.3% year-on-year but exceeding analyst expectations by 1.3%, alongside an earnings per share beat. Despite the results, shares have declined 12% since the announcement, suggesting investor expectations were higher than published consensus. Among the 16 media and entertainment stocks tracked, Clear Channel Outdoor was the best performer with revenue of $461.5 million, up 8.2% and beating estimates by 2.8%, while People was the weakest, with revenue of $422.9 million, down 12.2% and missing estimates by 17.3%. Stride met revenue expectations at $629.9 million but issued full-year guidance slightly below estimates, and MediaAlpha posted revenue of $310 million, up 17.3% and beating estimates by 3.5%, though it missed on earnings per share.
EchoStar CorporationRevenue beat estimates but stock fell 12%, indicating investor disappointment despite earnings beat.
Clear Channel Outdoor Holdings Inc
MediaAlpha Inc.
People Incorporated
Stride Inc
EchoStar CorporationRevenue beat estimates but stock fell 12%, indicating investor disappointment despite earnings beat.