DISH Network Earnings Cheat Sheet: Profits Jump More Than Twofold
DISH Network Corporation (NASDAQ:DISH) reported a significant profit boost in the first quarter. DISH Network Corporation, which together with its subsidiaries operates the DISH Network television service, which provides a direct broadcast satellite subscription television service in the United States.
DISH Network Earnings Cheat Sheet for the First Quarter
Results: Net income for DISH Network Corporation rose to $549.3 million ($1.22/share) vs. $230.9 million (52 cents/share) in the same quarter a year earlier. A more than twofold rise from the year earlier quarter.
Revenue: Rose 5.3% to $3.22 billion YoY.
Actual vs. Wall St. Expectations: DISH‘s net income came in above the mean analyst estimate of 68 cents/share. Estimates ranged from 49 cents per share to 77 cents per share.
Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 40.8% and in the third quarter of the last fiscal year, the figure rose more than threefold.
Competitors to Watch: DIRECTV (NASDAQ:DTV), TiVo Inc. (NASDAQ:TIVO), Netflix, Inc. (NASDAQ:NFLX), Comcast Corporation (NASDAQ:CMCSA), Cablevision Systems Corp. (NYSE:CVC), Time Warner Cable Inc. (NYSE:TWC), Hughes Communications Inc. (NASDAQ:HUGH), and Liberty Media Corp (NASDAQ:LINTA)
Today’s Performance: Shares of DISH are trading at $28.28 as of May 2, 2011 at 9:21 AM ET, up almost 13% from the previous close.