 |
|
|
|
 |
 |
Dish Network's 1Q profit up 65 pct amid slowdown
posted 6:22 pm Mon May 12, 2008 - DENVER
Stay on top of breaking news! Sign up for ABC 33/40 News e-mail alerts.
Dish Network reported a 65 percent increase in first-quarter net income even though new subscribers to its satellite TV service plunged.The Englewood-based company said Monday that its profit rose in the quarter ending March 31 because of higher revenue and a drop in expenses. It blamed the slow economy for an 88 percent drop in net new subscribers. Net income totaled $259 million, or 58 cents a share, compared with net income of $157 million, or 35 cents a share, in the previous quarter. Revenue totaled $2.84 billion, up 7.6 percent from $2.64 billion a year ago.
The results beat the estimates from analysts surveyed by Thomson Financial, who had predicted net income of 52 cents a share on revenue of $2.83 billion.
Dish Network was spun off in January from EchoStar Communications which retained equipment operations.
Written By SANDY SHORE
The results beat the estimates from analysts surveyed by Thomson Financial, who had predicted net income of 52 cents a share on revenue of $2.83 billion.
Dish Network was spun off in January from EchoStar Communications which retained equipment operations.Written By SANDY SHORE
Is it time to replace that drafty, leaky roof? Ask The Experts!
Not a member yet? Click Here to sign up.
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or
advertising content or inappropriate links may be removed and may result in the loss of your posting privileges.
Please do not post any private information unless you want it to be available publicly.
Never assume that you are completely anonymous and cannot be identified by your posts.
© 2008 TV Alabama, Inc.
© 2008 The Associated Press
All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The 'RUNNING MAN' icon is a registered trademark of America Online, Inc.
ABC 33/40 News to leave comments on news stories.