08:06 AM EDT, 05/08/2024 (MT Newswires) -- EchoStar ( SATS ) reported a Q1 loss Wednesday of $0.40 per diluted share, swinging from earnings of $0.82 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.26.

Revenue for the quarter ended March 31 was $4.01 billion, down from $4.39 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.08 billion.

The company's shares were down 2% in recent Wednesday premarket activity.

Price: 17.00, Change: -0.35, Percent Change: -2.02