EchoStar Rallies on Sub Gains

[SatelliteGuys Reporter]

PM EDT EchoStar Nasdaq posted a second-quarter profit Tuesday and set plans to buy back up to 1 billion in stock. The Englewood Colo. provider of satellite television service said earnings for the quarter ended June 30 fell to 85 million or 18 cents a share from the year-ago 129 million or 27 cents a share.

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