DISH Q3 Profit Beats Expectations

reported better-than-expected earnings for the third quarter on Monday. The Englewood, Colorado-based company posted quarterly net income of $196 million, or $0.42 per share, compared to $146 million, or $0.31 per share, in the year-ago period. Its total revenue climbed to $3.73 billion from $3.68 billion. However, analysts were expecting earnings of $0.39 per share on revenue of $3.79 billion. The average estimate among 15 Estimize users was for earnings of $0.47 per share and revenue of $3.81 billion. Subscriber-related revenue surged to $3.7 billion from $3.65 billion. The company activated around 751,000 gross new Pay-TV subscribers, versus around 691,000 gross new Pay-TV subscribers, in the year-ago quarter. Net Pay-TV subscribers dropped around 23,000 in the quarter, versus a loss of about 12,000 in the year-ago quarter. Pay-TV ARPU increased to $86.33 for the third quarter, from $84.39. DISH added about 13,000 net broadband subscribers in the quarter. DISH shares rose 0.62 percent to close at $63.74 yesterday.