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
05/03/201616:36:44Current Report Filing (8-k)
05/03/201609:04:00DISH Delivers ‘Smart Phone Repair’ on Your Turf
05/01/201622:10:00Hulu Bets on Cable-Style Web TV
04/29/201615:00:00FCC to Sell Maximum Amount in TV Airwave Auction
04/28/201608:55:00Correction to Viacom Earnings Article
04/28/201608:20:00Viacom Reports Profit but Misses Expectations
04/28/201608:07:00Viacom Swings to a Profit but Misses Expectations
04/21/201616:29:00Viacom, Dish Network Agree on Carriage Contract--2nd Update
04/21/201612:11:00Viacom, Dish Network Agree on Carriage Contract--Update
04/21/201611:01:00Viacom and DISH Agree to Multi-Year Renewal
04/21/201611:01:00Viacom and DISH Agree to Multi-Year Renewal
04/21/201608:20:00Viacom Channels Go Dark on Dish Network
04/21/201608:08:00Viacom Channels Remain on Dish Network as Talks Continue
04/20/201616:12:00Dish Network CEO Sees Path to Reach Carriage Deal With Viacom...
04/20/201614:10:00Dish Network CEO Sees Path to Reach Carriage Deal With Viacom...
04/20/201609:45:00U.S. Hot Stocks: Hot Stocks to Watch
04/20/201609:36:00Dish Network Profit Beats, Though Subscriptions Fell -- Update
04/20/201607:50:00Dish Network Profit Beats, Though Subscriptions Fell
04/20/201607:35:00Dish Network Profit Beats, Though Subscriptions Fell
04/20/201606:20:56Quarterly Report (10-q)

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