DISH Network beats by $0.15, reports revs in-line (31.49)
- Reports Q3 (Sep) GAAP earnings of $0.82 per share, $0.15 better than the S&P Capital IQ Consensus of $0.67; revenues fell 5.0% year/year to $3.4 bln vs the $3.4 bln S&P Capital IQ Consensus.
- The company closed the third quarter with 10.286 million DISH TV subscribers and 2.370 million Sling TV subscribers. The total 12.656 million Pay-TV subscribers is compared with 13.203 million Pay-TV subscribers at the end of third quarter 2017. Net Pay-TV subscribers declined ~341,000 in the third quarter, compared with an increase of ~16,000 in the third quarter 2017. In the quarter, net DISH TV subscribers declined ~367,000 and Sling TV subscribers increased ~26,000. DISH TV's average monthly subscriber churn rate was 2.11 percent versus 1.82 percent for third quarter 2017