DISH Network Corp NASDAQ: DISH stock is up 1.01% on Monday, as the company beat on earnings, but posted a loss of 143,000 subscribers in the most recent quarter. The company’s revenue didn’t hit expectations for the first quarter ended March 31.
The company lost 23,000 subscribers a year earlier. Analyst expectations pegged the company’s net subscriber loss at 72,000.
Dish Network’s total pay-TV subscribers at the end of the quarter was 13.528 million. The company’s broadband subscriber numbers are down, too. The company lost 25,000 broadband subscribers, posting a total broadband subscriber count of 555,000 to end the quarter. The company’s broadband subscriber count was 628,000 at end the first quarter of 2016.
Dish, a candidate for acquisition, is being closely watched by investors. The company has focused on acquiring spectrum and radio frequencies in the past year, buying up $6.2 billion in U.S. airwaves at auction over the past year.
Subscription numbers for Dish fell in both the company’s TV subscription and Sling TV platform. The company’s net income from Dish fell from $400 million in the first quarter of 2016 to $376 million in 2017. Earnings per share was $0.76 per in 2016, down from $0.86 per share a year prior.
DISH Network Corp NASDAQ: DISH Revenue Lower
Revenue fell to $3.68 billion, down 3.9% from a year prior.
Equipment sales and other revenue hurt the company’s bottom line, falling 30.2% year-over-year. The company had expenses of $3.073 billion, a decline of 5.3%, which strengthened the company’s earnings per share.
DISH Network Corp NASDAQ: DISH beat on earnings per share, with analysts forecasting an EPS of $0.69 on revenue of $3.78 billion.
Free cash flow is up from a year prior, rising from $541.5 million to $593.3 million in the most recent quarter. The company’s cash from operations was $936.8 million, up from $928 million during the same period a year prior.
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