This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Dish, Emulex, Facebook: Tech Premarket

NEW YORK (TheStreet) - Dish Network  (DISH - Get Report) shares climbed 3.16% to $49 before market open on Tuesday after the satellite-TV provider blew past Wall Street's earnings forecast in its third-quarter results. 

The company reported sales of $3.6 billion, up from $3.52 billion in the prior year's quarter and above analysts' prediction of $3.58 billion. Subscriber-related revenue helped boost the company's numbers, growing 6.1% year over year to $3.47 billion. 

Excluding items, Dish earned 44 cents a share on net income of $315 million, compared to a loss of 35 cents a share and a net loss of $158 million in the prior year's quarter. Analysts surveyed by Thomson Reuters were looking for earnings of 44 cents a share. 

The company's total pay-TV customers increased by 35,000 and Dish ended the quarter with 14.049 million pay-TV subscribers, compared to 14.042 million pay-TV subscribers at the end of the same period last year. Dish added around 75,000 net broadband subscribers during the quarter, taking its broadband subscriber base to around 385,000. 

The Englewood, Colo.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 451,878. 

Over at the New York Stock ExchangeEmulex (ELX - Get Report)was a major gainer, rising 6.1% to $8, boosted by its $200 million share repurchase plan that was announced late on Monday. The server component specialist also unveiled a strategy to expand its cost savings, and a number of board changes in an attempt to boost profitability and shareholder value. 

"The changes announced today mark important initial steps in our efforts to maximize operational efficiency while continuing our revenue growth initiatives, all as part of a strong commitment to generating incremental increases in stockholder value," said Emulex CEO Jeff Benck in a statement released after market close. 

Shares of Emulex, which was the subject of sale chatter earlier this year, have gained 3.29% since the start of 2013. 

Vodafone (VOD) was a more modest gainer before market open, rising 0.47% to $36.46 on Nasdaq share volume of 1,077,990, while Facebook (FB) shares dipped 0.43% to $46 on volume of 579,057. 

Symantec (SYMC) was an even bigger laggard, tumbling 3.49% to $22.40.

--Written by James Rogers in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!
SYM TRADE IT LAST %CHG
ELX $7.97 -0.13%
DISH $75.81 0.28%
AAPL $128.29 -0.19%
FB $80.89 -0.01%
GOOG $576.61 0.57%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

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