DENVER BUSINESS JOURNAL - Revenues and net income both fell at Dish Network Corp. in the first quarter, and the Douglas County satellite provider lost 143,000 subscribers.
Dish (Nasdaq: DISH) reported first-quarter revenues fell to $3.68 billion from $3.83 billion a year earlier. Net income fell to $376 million, or 76 cents per diluted share, from $400 million, or 86 cents a share in 2016.
"In the first quarter, Dish activated approximately 547,000 gross new pay-TV subscribers, compared to approximately 657,000 gross new pay-TV subscribers in the prior year’s first quarter. Net pay-TV subscribers declined approximately 143,000 in the first quarter, compared to a decline of approximately 23,000 in the first quarter 2016. The company closed the first quarter with 13.528 million pay-TV subscribers, compared to 13.874 million ay-TV subscribers at the end of first quarter 2016," the company said in a statement.
Analysts polled by Thomson Reuters First Call expected earnings of 69 cents per share and revenues of $3.78 billion.
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