said its satellite television service added about 270,000 net new subscribers during the second quarter, helping the company report a 21% increase in revenue.
The company's Dish Network had about 8.8 million subscribers as of June 30. For the quarter, EchoStar had revenue of $1.41 billion, up from $1.17 billion for the same period in 2002.
EchoStar earned $128.8 million, or 26 cents a share, compared with $37 million, or 7 cents a share, last year. Free cash flow totaled $151 million for the quarter, up from $33 million last year. EchoStar defines free cash flow as net cash flow from operating activities minus purchases of property and equipment.
Shares of EchoStar closed
trading at $36.12 Tuesday.