Dish Network misses Q3 earnings estimates, Hurricane Maria impacts blamed

DENVER BUSINESS JOURNAL - Dish Network Corp. saw its third-quarter earnings fall to 57 cents per share from 67 cents a year earlier, missing analysts' expectations, and executives blamed Hurricane Maria's impact.

During September's hurricane that devastated Puerto Rico and the U.S. Virgin Islands, Douglas County-based Dish (Nasdaq: DISH) said it removed 145,000 subscribers there because they couldn't obtain service.

For the quarter, Dish said it closed with 13.203 million pay-TV subscribers compared with 13.643 million pay-TV subscribers at the end of third quarter 2016.

"When accounting for the one-time removal of 145,000 subscribers in Puerto Rico and the U.S. Virgin Islands and for 16,000 net pay-TV subscriber additions in the 50 states, pay-TV subscribers declined approximately 129,000 in the third quarter," Dish said in a statement.

Read more at the Denver Business Journal: http://bit.ly/2hozd33

Copyright 2017 Denver Business Journal


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