Dish Network’s Q4 Earnings Miss Estimates
Dish Network’s (NASDAQ:DISH) reports looked bleak upon their release of the fourth quarter numbers, with one exception: the company’s revenue of $3.59 billion just topped the projections of $3.56 billion, according to Nasdaq.
The number is still down from $3.63 billion made in the same period of the previous year. Net income of $209.11 million missed the mark set at $312.65 million. That’s $0.46 versus the projected $0.50 when broken down by share.
Nasdaq reports that the net broadband subscriber rate is up 57,000. Pay-TV subscribers rose by 14,000, for a grand total of 14.06 million. The positive growth is a welcome sign after the company lost 166,000 pay-TV subscribers in 2011, although they made 89,000 of them back in 2012. The company is facing stiff competition from cable providers, telecom, and Internet streaming services, and has had to get creative and diversify its offerings to stay competitive…