Dish pay-TV and wireless subscribers fall
Shares of Dish Network Corp. dropped Monday, after the satellite TV and wireless services company swung to surprise a third-quarter loss, as pay-TV and wireless subscribers declined.
The stock DISH, +5.17% slumped 5.3% in premarket trading. The selloff comes after the stock soared 17.3% last week, the best weekly performance since it powered up 27.3% during the week ended Nov. 11, 2022. Net pay-TV subscribers decreased by 64,000, after increasing 30,000 a year ago, while retail wireless subscribers were down 225,000, after rising by 1,000 last year.
The company also said in an 8-K filing with the Securities and Exchange Commission that CEO Carlson will remain on the board of directors until the Dish’s merger with EchoStar Corp. SATS, +4.25% is completed, which is expected to occur by the end of the year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dish Network’s stock drops after a surprise loss and revenue miss, as subscribers fellTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
Dish Stock Slides After Earnings, Revenue Miss. There’s Deal News Too.Dish posted a surprise third-quarter loss. The group is also selling its Puerto Rico and U.S. Virgin Islands assets.
Read more »
DISH Network plunges 9% on earnings miss, CEO's resignationDISH Network plunges 9% on earnings miss, CEO's resignation
Read more »
Aave Initiates Vote to Temporarily Disable Stable Borrows Across All NetworksCrypto Blog
Read more »
Dish Network Third-Quarter 2023 Earnings Report, Subscriber UpdateThe company, led by CEO Erik Carlson and chairman Charlie Ergen, reported its third-quarter results.
Read more »
'Southern Hospitality’ Cast Dish on Taylor Ann Green’s New BoyfriendSouthern Hospitality’s cast weighed in on Southern Charm’s Taylor Ann Green’s new boyfriend after the couple made a cameo on their show
Read more »