EchoStar’s income plunges 33%

November 10th, 2006

Satellite television operator EchoStar Communications Corp., which operates the Dishnetwork, said that its third-quarter profit tumbled 33% compared with the year-earlier period. Net income fell to $140 million, or 31 cents a share, from $209 million, or 46 cents, a year earlier. Quarterly revenue rose 16% to $2.47 billion.

The company said it added 295,000 subscribers, ending the quarter with about 12.8 million subscribers.

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