First Quarter Up at "SATS"

EchoStar Corporation, the entity spun off from the DBS service early in the year, reported first quarter revenue of $555 million, a 23.9 percent increase compared with $448 million for the same period in 2007.

EchoStar also reported first quarter net income of $5.7 million, compared with a net loss of $18.5 million during the corresponding period in 2007.

Basic earnings per share were 6 cents for the quarter, compared with a basic loss per share of 21 cents reported for the same period in 2007.