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Aug. 9, 2021, 8:47 a.m. EDT

Dish tops earnings expectations for second quarter

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By Emily Bary

Dish Network Corp. /zigman2/quotes/207505872/composite DISH -0.30% topped expectations with its financial results Monday though it continued to post subscriber losses in its pay TV business. The company reported second-quarter net income of $671.0 million, or $1.06 a share, up from $452.3 million, or 78 cents a share, in the year-prior quarter. Analysts tracked by FactSet were expecting 89 cents in EPS. Dish's revenue for the quarter rose to $4.49 billion from $3.19 billion, while analysts had been modeling $4.43 billion. The company's net pay-TV subscribers declined by about 67,000 in the second quarter, compared with a net decrease of roughly 96,000 a year earlier. Dish finished the quarter with 10.99 million pay-TV subscribers, including 8.55 million from Dish TV and 2.44 million from Sling TV. The company also ended the period with 8.90 million retail wireless subscribers. Dish shares have fallen 9.8% over the past three months as the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.08% has risen 4.8%.

/zigman2/quotes/207505872/composite
US : U.S.: Nasdaq
$ 36.19
-0.11 -0.30%
Volume: 0.00
Jan. 14, 2022 4:00p
P/E Ratio
8.69
Dividend Yield
N/A
Market Cap
$19.14 billion
Rev. per Employee
$1.33M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,662.85
+3.82 +0.08%
Volume: 0.00
Jan. 14, 2022 5:16p
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