NEW YORK (TheStreet) -- DISH Network (DISH) - Get Report stock is rising by 2.49% to $48.50 in pre-market trading on Wednesday, after the company reported 2016 first quarter earnings that were ahead of projections, despite a greater-than-expected subscriber loss in its core pay-TV business. 

Before the market open, the U.S. satellite TV provider reported adjusted earnings of 84 cents per share, beating analysts' estimates for earnings of 62 cents per share.

Revenue came in at $3.79 billion for the most recent period, slightly short of analysts' expectations for $3.8 billion. 

The company's sales were hurt as it lost more subscribers than expected in its core pay-TV business. DISH Network lost 23,000 pay-TV subscribers, while analysts were anticipating a loss of 13,100 customers for the period. Last year, the company reported a gain of roughly 35,000 subscribers in the 2015 first quarter.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Dish Network's strengths such as its revenue growth, expanding profit margins and notable return on equity are countered by weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.

You can view the full analysis from the report here: DISH

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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