Why Dish Network (DISH) Stock Is Down Today

NEW YORK (TheStreet) -- Dish Network (DISH) shares are down -1.53% to $61.70 on Thursday after reporting mixed first quarter earnings results that beat analysts revenue estimates, but fell short on earnings.

The satellite television and Internet service provider reported revenue of $3.59 billion, edging ahead of analysts consensus estimates of $3.58 billion.

Earnings for the quarter were 38 cents per diluted share, missing analysts estimates by 5 cents.

Must Read: Warren Buffett's 10 Favorite Growth Stocks 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The company increased its broadband revenue to $83 million this quarter from the $41 million it posted in the year ago period and added 40,000 new pay TV subscriptions, a 10% increase from the previous year.

DISH Chart

DISH data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%