Dish gains as it lures customers from competition
Satellite-television provider adds 35,000 pay-TV clients in quarter
Dish reported net income of $315 million, or 68 cents per share, in the quarter ended September 30th, compared with a net loss of $158 million, or 35 cents per share, a year earlier. Photograph: Rick Wilking/Reuters
Dish Network, the second-largest US satellite-television provider, reported third-quarter profit that exceeded estimates after luring more customers away from cable companies.
Net income was $315 million, or 68 US cents a share, compared with a loss of $158 million, or 35 cents, a year earlier, the company said. Sales rose 2.3 per cent to $3.6 billion, in line with estimates.
Dish added 35,000 pay-TV customers in the quarter, compared with a loss of about 19,000 a year earlier. Dish and its satellite rival DirecTV are benefiting from an influx of TV viewers from cable providers.