Updated from 10:08 a.m. EST
came up slightly short on profit as subscribers canceled service.
The satellite TV service that was spun from
earlier this year lost 102,000 net subscribers in the fourth quarter ended in December. Analysts had been looking for a slight increase in paying customers.
Heated competition from cable and phone companies like
Time Warner Cable
combined with a consumer spending slowdown have started to have an impact on Dish's performance in the quarter.
The Englewood, Colo., satellite shop posted earnings of $217 million or 48 cents a share, up from 37 cents in the year-ago quarter but a penny shy of analyts' targets calling for a profit of 49 cents.
Sales for the quarter were $2.92 billion, up 1% from the $2.89 billion level at the same time last year.
Dish, which split from parent
in January, serves 13.68 million customers.
The stock was down 11.6% to $9.94 in recent trading.