Dish Stock Falls As Pay-TV Subscriber Losses Accelerate, Profit Beats [Investor's Business Daily]
DISH Network Corporation - Class A (DISH)
Last dish network corporation - class a earnings: 2/19 06:00 am
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Source: Investors Business Daily
Related news Dish Network ( DISH ) reported third-quarter profit that topped expectations but the satellite TV broadcaster lost 341,000 net pay-TV customers. Dish stock fell in early trading on Wednesday. The satellite TV broadcaster reported profit of 82 cents a share, up 44% from a year earlier. Dish said revenue fell 5% to $3.4 billion, in-line with estimates. A year earlier, Dish earned 57 cents a share on sales of $3.58 billion. Analysts expected Dish earnings of 67 cents on sales of $3.4 billion for the period ended Sept. 30. Dish said it lost 367,000 satellite TV customers in the September quarter. The company added 26,000 subscribers for its Sling-branded web TV services. Sling growth has been decelerating. In the September 2017 quarter, Dish added a total of 16,000 pay-TV customers. Dish has amassed wireless spectrum for 5G wireless services. But the value of its airwaves has been undercut by the proposed merger of T-Mobile US ( TMUS )) with Sprint ( S ) as well as upcoming
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