UPDATE: Dish Posts Higher Q4 Profit

Dish Network

reported a 38% rise in its fourth-quarter profit. Dish's quarterly earnings surged to $288 million, or $0.63 per share, from a year-ago profit of $209.1 million, or $0.46 per share. Its revenue climbed 6.6% to $3.54 billion. However, analysts were expecting earnings of $0.41 per share on revenue of $3.59 billion. Dish added around 654,000 pay-TV subscribers in the period. Dish shares closed at $57.07 yesterday.