This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Dish Network (DISH) Trumps Expectations With Subscriber Surprise

Stocks in this article: DISH

NEW YORK (TheStreet) -- Dish Network (DISH) restored investor confidence with a surprise boost to its subscriber count. The pay-TV provider reported an additional 35,000 subscribers for the third quarter, compared to market estimations of a loss of 39,000 subscribers.  In its broadband division, it topped 75,000 additional subscribers, increasing 24% sequentially and exceeding estimates of 62,000.

Expectations were low after the cable provider reported a total loss of 78,000 customers in the second quartr, a result of increasing competition in its primary pay-TV unit. In the current quarter, average revenue per pay-TV subscriber rose 5.3% to $81.05 from $76.99 in the year-ago quarter.

The Englewood, Colo.-based business brought in third-quarter profit of 68 cents a share on $3.6 billion in revenue. Analysts surveyed by Thomson Reuters were looking for earnings of 43 cents a share on revenue of $3.58 billion.

Last week, the company announced it was closing all 300 company-owned Blockbuster stores as it moves out of the physical distribution business to focus on its more profitable digital and streaming units.

In premarket trading, Dish shares had climbed 3.6% to $49.20.

TheStreet Ratings team rates DISH NETWORK CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about its recommendation:

"We rate DISH NETWORK CORP (DISH) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk."

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,939.71 +35.70 1.88%
NASDAQ 4,413.5190 +97.4450 2.26%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs