Popular Stories

Dish Network stock edges up as earnings rise above expectations, while subscribers decline

Shares of Dish Network Corp. DISH, -0.53% edged up 0.4% in premarket trading Monday, after the satellite TV company reported fourth-quarter profit and revenue that rose above expectations, although Pay-TV and Wireless subscribers declined. Net income increased to $733 million, or $1.24 a share, from $389 million, or 69 cents a share, in the year-ago period. The FactSet consensus for net earnings per share was 78 cents. Revenue grew 41% to $4.56 billion, topping the FactSet consensus of $4.54 billion. Net Pay-TV subscribers at the end of the quarter decreased by 133,000 from the same time a year ago, as net DISH TV subscribers declined by 149,000 and Sling TV subscribers increased by 16,000. Wireless net subscribers fell by 363,000. The stock has slipped 0.9% over the past three months through Friday, while the S&P 500 SPX, -0.19% has gained 9.8%.

View Article Origin Here

Related Articles

Back to top button