Dish tops earnings expectations for second quarter

Dish Network Corp. topped expectations with its financial results Monday though it continued to post subscriber losses in its pay TV business. The company reported second-quarter net income of $671.0 million, or $1.06 a share, up from $452.3 million, or 78 cents a share, in the year-prior quarter. Analysts tracked by FactSet were expecting 89 cents in EPS. Dish's revenue for the quarter rose to $4.49 billion from $3.19 billion, while analysts had been modeling $4.43 billion. The company's net pay-TV subscribers declined by about 67,000 in the second quarter, compared with a net decrease of roughly 96,000 a year earlier. Dish finished the quarter with 10.99 million pay-TV subscribers, including 8.55 million from Dish TV and 2.44 million from Sling TV. The company also ended the period with 8.90 million retail wireless subscribers. Dish shares have fallen 9.8% over the past three months as the S&P 500 has risen 4.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Dish tops earnings expectations for second quarter
Dish Network Corp. topped expectations with its financial results Monday though it continued to post subscriber losses in its pay TV business. The company reported second-quarter net income of $671.0 million, or $1.06 a share, up from $452.3 million, or 78 cents a share, in the year-prior quarter. Analysts tracked by FactSet were expecting 89 cents in EPS. Dish's revenue for the quarter rose to $4.49 billion from $3.19 billion, while analysts had been modeling $4.43 billion. The company's net pay-TV subscribers declined by about 67,000 in the second quarter, compared with a net decrease of roughly 96,000 a year earlier. Dish finished the quarter with 10.99 million pay-TV subscribers, including 8.55 million from Dish TV and 2.44 million from Sling TV. The company also ended the period with 8.90 million retail wireless subscribers. Dish shares have fallen 9.8% over the past three months as the S&P 500 has risen 4.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.