UPDATE: Dish Network Posts Lower Q4 Profit

Dish Network DISH reported a drop in its fourth-quarter net income. Dish's quarterly profit fell to $209 million, from $313 million, in the year-ago period. Its revenue fell to $3.59 billion from $3.63 billion. However, analysts were expecting a profit of $226.7 million on revenue of $3.57 billion. Dish shares closed at $36.09 yesterday.