Dish Network’s Q4 earnings below expectations
According to Sanford C. Bernstein analyst Craig Moffett Dish Network has underperformed in the fourth quarter of 2007. The analyst predicted to add about 148,000 subscribers in this quarter but Dish Network was able to add only about 85,000 subscribers, which is far less compared to fourth quarter of 2006, the Dish Network added about 350,000 subscribers in fourth quarter of 2006. The Analyst described this as problem because of housing, lower churn for the whole industry, these factors lead to little addition to new subscribers to Dish Network.
Dish Network finished the year with an increase of 675,000 new subscribers from 13.1 million to end up with 13.78 million subscribers. An increase in revenue of 12% comparing the fourth quarter of 2006 i.e. $2.58 billion to $2.89 billion in 2007. An increase in Net income was also posted from $153 million in Q4 2006 to $175 in fourth quarter 2007. Thirteen percent increase in total revenue from $9.82 billion to $11.09 billion and net income also jumped from $608 million to $756 million.
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February 27th, 2008 at 8:52 am
[...] these factors lead to little addition to new subscribers to Dish Network. To know more on Dish Network Q4 Results Posted in DIRECTV, DIRECTV NEWS, Results, satellite TV NewsTags: Dish Network, Q4 earnings, [...]
February 27th, 2008 at 8:53 am
[...] these factors lead to little addition to new subscribers to Dish Network. To know more on Dish Network Q4 Results Posted by satellite tv at 09:45 Trackbacks Trackback specific URI for this entry No [...]