Dish subscriber count beats expectations

Tue Nov 12, 2013 6:21am EST
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(Reuters) - Dish Network Corp added 35,000 pay-TV subscribers in the third quarter, far exceeding expectations.

Wall Street analysts had expected the company to lose 39,000 subscribers, according to StreetAccount data.

Dish reported net income of $315 million, or 68 cents per share, in the quarter ended September 30, compared with a net loss of $158 million, or 35 cents per share, a year earlier.

In the year-earlier period, net income was reduced by $453 million due to a lawsuit settlement with Voom.

Revenue rose 2 percent to $3.60 billion in the latest quarter.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Savio D'Souza)

The sign in the lobby of the corporate headquarters of Dish Network is seen in the Denver suburb of Englewood, Colorado April 6, 2011. REUTERS/Rick Wilking