Satellite television provider Dish Network (DISH) - Get DISH Network Corporation Report reported a first quarter that was in line with estimates across the board but subscriber losses and a decline in revenue may put negative pressure on the stock Friday.
Net income fell to $340 million, or 65 cents per share, on revenue of $3.19 billion, in line with analysts' forecasts. A year ago, the company reported earnings of 70 cents per share on revenue of $3.46 billion.
The company's pay-TV business lost 259,000 subscribers in the first quarter, more than double the 94,000 subscribers lost in the year-ago period. Analysts polled by FactSet were expecting the company to lose 242,000 subscribers.
The company closed the quarter with 12.063 million pay-TV subscribers, including 9.639 million Dish TV subscribers and 2.42 million Sling TV subsribers.
The stock was up 0.7% in premarket trading.