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Dish Network Corp.
DISH, + 1.68%
This profit rose 45%, despite lower than expected revenue and a drop in the number of subscribers.
Earnings amounted to $ 432 million, or 82 cents a share, up from $ 297 million, or 57 cents a share a year ago, the company said. Analysts surveyed by Refinitiv were expecting earnings per share of 67 cents.
Dish recorded a global turnover down 3.4 billion USD a year ago to 3.4 billion USD, which just meets expectations of 3.39 billion USD analysts. Subscriber revenues, which make up the bulk of Dish's business revenue, decreased by 5.6%.
Dish had 10.3 million pay-TV subscribers and 2.4 million Sling TV subscribers. The total number of pay-TV subscribers rose to 12.7 million, up from 13.2 million a year ago. Analysts surveyed by FactSet were expecting Dish to have about 12.9 million subscribers by the end of the quarter.
Write to Kimberly Chin at [email protected]
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