Skip to main content

Dish Network (DISH) shares were lower after the close on Monday as the satellite-TV-service provider reported second-quarter earnings that fell short of analysts' estimates.

The shares finished regular Monday trading down 3.1% at $38.28. After hours the shares eased 0.9% to $37.95.

The Englewood, Colo., company posted net income of 60 cents a share versus analyst estimates of 64 cents a share, while revenue of $3.21 billion beat estimates of $3.14 billion, according to FactSet.

Dish finished the quarter with just over 12 million pay-TV subscribers, down 31,000. Analysts had been expecting a drop of 252,000.

The U.S. Justice Department recently cleared T-Mobile (TMUS) and Sprint (S) to merge, on the condition that they sell some assets to Dish, allowing it to become a fourth major U.S. wireless-communications carrier.

Save 76% with our Summer Break Sale. Subscribe to our premium site Real Money and become a smarter investor! Click here today to sign up!