EchoStar is trading 4.3% up now at $87.69 after reporting Q2 results that beat earnings and revenue expectations while highlighting a massive one-time deconsolidation gain.
- Investors are reacting to the upside surprise in adjusted EPS and revenue, which outperformed analyst expectations for the quarter.
- The market is weighing the positive financial results against the recent Chapter 11 filing of the company's Hughes Satellite Systems subsidiary.