November 12, 2013 / 11:22 AM / 4 years ago

Dish subscriber count beats expectations

1 Min Read

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

(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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below