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EchoStar reported its Q2 financial results featuring revenue of $3.58 billion which missed expectations by $10 million. While reported Q2 EPS came in at $24.12, this figure was heavily inflated by a massive $9.73 billion non-cash gain. The underlying business faces serious operational headwinds as subscriber counts contracted across all key divisions including pay-TV, retail wireless, and broadband during the second quarter.
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