UPDATE: Dish Network Posts Upbeat Q4 Profit

Dish Network Corp (NASDAQ: DISH) posted a 24% rise in its fourth-quarter earnings.

Dish Network added 22,000 net subscribers in the recent quarter.

Dish Network's quarterly profit surged to $313 million, or $0.70 per share, from $252 million, or $0.56 per share, in the year-ago period. Its revenue surged 13% to $3.63 billion. However, analysts were expecting earnings of $0.61 per share on revenue of $3.62 billion.

Dish Network shares surged 9.02% to $31.79 in pre-market trading.