Dish Network missed sales estimates but bested Wall Street’s bottomline predictions with its third quarter financial results, which were released early Monday morning. Charlie Ergen’s satellite TV company saw an increase in the number of pay-TV subscribers who ditched the service, however.
Media stock analysts had forecast earnings per share of $0.39 on $3.79 billion in revenue, per Yahoo Finance; Zacks had EPS coming in a penny higher. Dish actually posted diluted EPS of $0.42 on $3.73 billion in sales.
The company’s net income rose 34 percent year over year to $196 million, up from $146 million in the comparable quarter last year.