DISH Network (DISH) Misses Q4 EPS by 3c, Revenues Beat; Net-Pay TV Subscribers Decreased by Approx. 334K

DISH Network (NASDAQ: DISH) reported Q4 EPS of $0.64, $0.03 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $3.31 billion versus the consensus estimate of $3.28 billion.

• Net income attributable to DISH Network totaled $337 million for the fourth quarter 2018, compared to $1.39 billion from the year-ago quarter. DISH\'s net income for the fourth quarter of 2018 was positively impacted by non-cash adjustments related to the adoption of the ASC 606 revenue recognition standard, net of related taxes, of $25 million.
• Fourth quarter 2017 net income was positively impacted by an income tax benefit of approximately $1.2 billion due to an adjustment to deferred tax assets and liabilities related to tax reform legislation, and negatively impacted by an impairment of long-lived assets expense of $112 million, net of related taxes.
• Diluted earnings per share were $0.64 for the fourth quarter, compared to $2.64 per share during the same period of 2017.
• The company closed the fourth quarter with 12.32 million Pay-TV subscribers, including 9.90 million DISH TV subscribers and 2.42 million Sling TV subscribers.
• Net Pay-TV subscribers decreased by approximately 334,000 in the fourth quarter, compared to net additions of 39,000 in the year-ago quarter.

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

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