EchoStar Posts Profit On Revenue From Dish

EchoStar Corp. swung to a first-quarter profit in its first quarter as a public company on revenue from providing satellite services to sibling Dish Network Corp.

But the company warned it expects to see significant pressure on margins, as well as from economic woes, and that future costs associated with excess capacity will pressure its fixed-satellite services business. In addition, EchoStar said it may record an impairment charge of as much as $100 million as ...