Dish Reports 38% Jump in Profit Boosted by Revenue Per Subscriber

Shares of Dish network are climbing on Friday after the satellite TV company reported a 38% jump in fourth-quarter profit on increased subscriber revenue growth.
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Shares of Dish network are climbing on Friday after the satellite TV company reported a 38% jump in fourth-quarter profit on increased subscriber revenue growth. The company reported net income of $288 million, or 63 cents a share, for the quarter. Revenue rose by 6.6% to more than $3.5 billion, but still narrowly missed analyst expectations of nearly $3.6 billion, according to Thomson Reuters. While Dish said it added 654,000 pay-TV subscribers and 80,000 broadband customers in the period, both figures came in shy of Wall Street expectations. The company said that the average revenue per subscriber rose 5% to $81.24 per customer.

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