DISH Network (DISH) Posts Q4 GAAP Loss of $0.27/Share
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Go back to DISH Network (DISH) Posts Q4 GAAP Loss of $0.27/Share
February 19, 2016 8:27 AM EST
Dish Network (NASDAQ: DISH) shares are down 41.2% since FBR analyst, David Dixon, selected them as his top short idea but now he thinks the stock could find solid footing in the near term. No change to Underperform rating or $45 PT.
DISH shares could see near-term strength from two positive... More
February 18, 2016 6:18 AM EST
By Malathi Nayak and Anya George Tharakan
(Reuters) - Dish Network Corp (NASDAQ: DISH) reported lower net income in 2015 from a year earlier amid a drop in pay-TV subscriptions and a wireless airwaves auction-related expense, sending its shares down more than 4 percent on Thursday.
The No. 2 U.S. satellite TV provider said full-year net income attributable to the company tumbled 21 percent from a year earlier to $747.1 million, or $1.61 per share. This was below the average analyst estimate of $1.97 a share, according to Thomson Reuters I/B/E/S.
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