Net income totaled $169 million for the quarter ended June 30, 2006, compared with net income of $856 million during the corresponding period in 2005. Basic earnings per share was $0.38 for the quarter ended June 30, 2006, compared with a basic income per share of $1.89 during the corresponding period in 2005. Net income for the quarter ended June 30, 2005, included a non-recurring, non-cash benefit of approximately $593 million to recognize the tax benefits of previously reported tax losses.
DISH Network(TM) added approximately 195,000 net new subscribers during the second quarter of 2006, ending the quarter with approximately 12.46 million subscribers.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended June 30, 2006, filed with the Securities and Exchange Commission.
About EchoStar Communications
EchoStar Communications Corporation (Nasdaq:DISH) serves more than 12.46 million satellite TV customers through its DISH Network(TM), and is a leading U.S. provider of advanced digital television services. DISH Network's services include hundreds of video and audio channels, Interactive TV, HDTV, sports and international programming, together with professional installation and 24-hour customer service. EchoStar has been a leader for more than 25 years in satellite TV equipment sales and support worldwide. EchoStar is included in the Nasdaq-100 Index (NDX) and is a Fortune 500 company. Visit EchoStar's Web site at www.echostar.com or call 800-333-DISH (3474).
EchoStar will host its second quarter 2006 earnings conference call today at noon ET. The call will be broadcast live from EchoStar's website, www.echostar.com. To access the webcast of this event, go to www.echostar.com, then select "Investor Relations." A one-time replay of the webcast will be available on the investor relations page of www.echostar.com on August 10, 2006, at 9:00 p.m. ET.
EchoStar Communications Corporation
Jason Kiser, 303-723-2210
Kathie Gonzalez, 303-723-2010