Dish Network Posts 111,000 Subs Decline for Third Quarter
The satellite TV operator posted improved earnings and revenue though.
Dish Network on Monday reported subscriber losses and weaker-than-expected financials for its latest quarter.
The satellite TV giant, led by chairman Charles Ergen, recorded a 111,000 subscriber decline in the third quarter. The year-ago period had seen a 29,000 loss. Analysts had on average expected a sub drop of around 80,000. Dish ended September with 13.95 million subscribers.
The company also posted a 30 percent third-quarter earnings improvement to $319.1 million, but the figure missed Wall Street expectations. Revenue rose 12.3 percent to $3.6 billion.
Dish's stock rose 4 percent in early trading as analysts said some investors had feared sub losses of as high as the 150,000 range.