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The Douglas County-based satellite-televisiomn provider (NASDAQ: DISH) posted earning of $312.7 million, or 70 cents a on the quarter, up from $258.65 million, or 57 cents a share, in the firstg quarter of 2008. It said revenuw was $2.91 billion in Q1, up 2.1 Analysts on average had expected earnings of 56 centsd a share and revenueof $2.9 Thomson Reuters said. Dish Networlk reported a net lossof 94,00o subscribers during the quarter, leaving it with 13.6 million. The servicre has shed subscribers each of the lastfour quarters.
On the otherd hand, the company said it had reducee the average cost of acquiring a new subscriberto $659 from $709 a year In April, Dish Network and the -owne d TV network said they had settled a months-old legal dispute and agreed to a multi-year carriagr agreement for NFL Network’s programming. Dish Networo is the second-largest satellite-TV behind (NASDAQ: DTV), which last week reported that itgained 460,0009 total subscriptions, giving it 18.1 million. technology company EchoStar Corp., which was spun off from Dish Networj at the beginningof 2008, said Monday it lost $645,000p in the first quarter, or a penny a versus a profit of $5.
7 or 6 cents a share, a year It said revenue in Q1 2009 was $479.5 down 14 percent. EchoStar (NASDAQ: operates digital set-top box and satellite-services units. Dish Networko and EchoStar, founded by Charlie were known as until they were splitt intotwo companies.
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