ADVFN - Advanced Financial Network.
HOME» NASDAQ » D » DISH Stock Price » DISH Stock News

Dish Network Share News

 Dish Network (mm) Stock Price
DISH Stock Price
 Dish Network (mm) Stock Chart
DISH Stock Chart
 Dish Network (mm) Stock News
DISH Stock News
 Dish Network (mm) Company Information
DISH Company Information
 Dish Network (mm) Stock Trades
DISH Stock Trades

Dish Network 2Q Net Rose 30%; Echostar Swings To 2Q Profit

DOW JONES NEWSWIRES Dish Network Corp. (DISH) second-quarter earnings rose 30% on a double-digit increase in revenue despite a drop in net subscribers, while its former unit EchoStar Corp. (SATS) swung to a profit. The satellite-television provider is attempting to attract more affluent customers who are willing to spend more each month on video and less likely cancel their service, a reversal of its prior strategy to sign up lower-end customers, who were hit during the economic downturn. Dish also acquired the assets of Blockbuster out of bankruptcy in April, and the video-rental chain has been slashing its prices amid fierce competition from Netflix Inc. (NFLX) and vending-machine operator Redbox, a unit of Coinstar Inc. (CSTR). Dish reported a profit of $335 million, or 75 cents a share, up from $257 million, or 57 cents, a year earlier. Revenue jumped 13% to $3.59 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 79 cents on revenue of $3.41 billion. The company lost a net 135,000 subscribers during the second quarter, cutting its customer base to 14.1 million. Dish attributed the decrease to increased competitive pressures, including higher levels of discounting, and said it is freezing prices through January 2013. Meanwhile, EchoStar--the maker of set-top boxes that was spun off from Dish at the beginning of 2008--posted a profit of $18 million, or 21 cents a share, compared with a loss of $41 million, or 49 cents, a year earlier. Revenue dropped 3.1% to $584 million. Shares of Dish and EchoStar closed Monday at $22.64 and $25.26, respectively. Both were inactive premarket. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Dish Network (DISH)
DateTimeHeadline
07/22/201603:03:00Subscriber Losses Outweigh Profit at Dish -- WSJ
07/21/201610:14:00Dish Network Tops Profit Views, Loses Subscribers -- Update
07/21/201607:20:00Dish Network Tops Profit Views
07/21/201607:03:00Dish Network Tops Profit Views, Loses Subscribers
07/21/201606:19:26Quarterly Report (10-q)
07/21/201606:06:00DISH Network Reports Second Quarter 2016 Financial Results
07/18/201618:40:00AT&T, Others Make Down Payments for FCC Airwaves Auction
07/15/201616:00:00AT&T, Others Make Down Payments for FCC Airwaves Auction
07/15/201606:02:00DISH Announces Conference Call for Second Quarter 2016 Financial...
07/14/201609:02:00DISH Debuts New Voice Remote to Customers Nationwide
07/11/201608:18:31Amended Statement of Ownership (sc 13g/a)
07/06/201617:18:47Statement of Changes in Beneficial Ownership (4)
07/06/201609:02:00DISH Appoints Jay Roth Chief Marketing Officer
06/30/201608:33:00Sling Latino Launches New CARIBE Pack; NBCUniverso Joins ‘Best o...
06/30/201607:58:00Sling TV Debuts New Single-Stream & Multi-Stream Services; Launches...
06/17/201608:00:00On the Latest BizWireTV: A New Study Shows what Millennial Consumers...
06/17/201607:05:00DISH: If Tribune Wants ‘Fair Market Rates’ It Should Be Willing to...
06/16/201622:30:00Dish Network Drops NFL Network
06/16/201622:12:00Dish Network Drops NFL Network
06/16/201618:10:00Dish Network Proposes Arbitration to Tribune in Fee Dispute...

Dish Network and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad