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.

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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

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