DISH Network Corp. (DISH) Misses Q2 EPS by 5c

DISH Network Corp. (NASDAQ: DISH) reported Q2 EPS of $0.46, $0.05 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.69 billion.

DISH activated approximately 656,000 gross new pay-TV subscribers in the second quarter 2014, compared to approximately 624,000 gross new pay-TV subscribers in the prior year’s second quarter. Net pay-TV subscribers declined approximately 44,000 in the second quarter. The company closed the second quarter with 14.053 million pay-TV subscribers, compared to 14.014 million pay-TV subscribers at the end of second quarter 2013.

Pay-TV ARPU for the second quarter totaled $84.15, an improvement over the second quarter 2013 pay-TV ARPU of $80.81. Pay-TV subscriber churn rate was 1.66 percent versus 1.67 percent for second quarter 2013.

DISH added approximately 36,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 525,000.

For earnings history and earnings-related data on DISH Network Corp. (DISH) click here.

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