UPDATE: DISH Network (DISH) Posts Q1 EPS of 76c

DISH Network (NASDAQ: DISH) posted Q1 EPS of $0.76, which may not compare with the consensus estimate of $0.40. The company reported Q1 revenue $3.7 billion versus the consensus estimate of $3.74 billion. Net income attributable to DISH Network totaled $351 million for the quarter ending March 31, 2015, compared to $176 million from the year-ago quarter.

The following table reconciles adjusted free cash flow to “Net cash flows from operating activities from continuing operations.”

DISH activated approximately 554,000 gross new Pay-TV subscribers compared to approximately 639,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined by approximately 134,000 in the first quarter. The company closed the first quarter with 13.844 million Pay-TV subscribers, compared to 14.097 million Pay-TV subscribers at the end of first quarter 2014.

Pay-TV ARPU for the first quarter totaled $86.01, compared to first quarter 2014 Pay-TV ARPU of $82.36. Pay-TV subscriber churn rate was 1.65 percent versus 1.42 percent for first quarter 2014.

DISH added approximately 14,000 net broadband subscribers in the first quarter, bringing its broadband subscriber base to approximately 591,000. DISH added approximately 53,000 net broadband subscribers in the first quarter 2014.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarter ended March 31, 2015, filed today with the Securities and Exchange Commission.

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

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