Dish subscriber count beats expectations
(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)
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