UPDATE: Dish Network Posts Upbeat Q1 Profit
Dish Network Corp (NASDAQ: DISH) reported a 34% drop in its first-quarter earnings.
Dish's quarterly profit fell to $360.3 million, or $0.80 per share, versus $549.4 million, or $1.22 per share, in the year-ago period. Its revenue rose 11% to $3.58 billion. However, analysts were expecting earnings of $0.70 per share on revenue of $3.62 billion.
Its operating margin fell to 16% from 30.5%. The company added 104,000 net subscribers during the quarter.
Dish shares closed at $31.31 on Friday.
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