Dish Network (DISH) - Get DISH Network Corporation Class A Report 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) - Get T-Mobile US, Inc. Report and Sprint (S) - Get SENTINELONE, INC. Report to merge, on the condition that they sell some assets to Dish, allowing it to become a fourth major U.S. wireless-communications carrier.
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