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Share Name | Share Symbol | Market | Type |
---|---|---|---|
DISH Network Corporation | NASDAQ:DISH | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.77 | 5.75 | 5.79 | 0 | 01:00:00 |
By Kimberly Chin
Dish Network Corp. (DISH) said profit fell 7.6% for the first quarter as the company reported slightly lower subscriber-related revenue and higher expenses.
The company said profit was $339.8 million, or 65 cents a share, down from $367.6 million, or 70 cents a share a year ago. Analysts polled by Refinitiv were expecting earnings of 65 cents a share.
Dish said revenue fell about 7.8% to $3.19 billion from a year ago, in line with analysts' expectations.
The company had 12.1 million total Pay-TV subscribers, including 9.6 million Dish TV subscribers and 2.4 million Sling TV subscribers.
Net pay-TV subscribers dropped about 259,000 subscribers in the quarter. It had lost 94,000 subscribers in the same quarter last year.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
May 03, 2019 07:03 ET (11:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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