Dish Network revenue rises 5.7 pct

Dish Network Corp, the second-largest U.S. satellite TV company, reported a 5.7 percent rise in second-quarter revenue as it earned more from each subscriber and lost fewer-than-expected pay-TV subscribers.

Average revenue per pay-TV subscriber rose 4 percent to $84.15 in the quarter ended June 30.

The company said it lost 44,000 pay-TV subscribers in the quarter. Analysts on average expected Dish to lose 76,900 subscribers, according to market research firm StreetAccount.

Last week, larger rival DirecTV reported quarterly revenue above the average analyst estimate as the soccer World Cup helped it add subscribers in Latin America and prices increased in the United States.

Dish also said it added 36,000 net broadband subscribers in the quarter, falling short of the 55,500 net subscriber additions estimated by StreetAccount.

Net income attributable to the company was $213.3 million, or 46 cents per share, compared with a net loss of $11 million, or 2 cents per share, a year earlier. (http://bit.ly/1obBc6t)

Revenue rose to $3.69 billion from $3.49 billion a year earlier.

Analysts on average expected a profit of 51 cents per share on revenue of $3.69 billion, according to Thomson Reuters I/B/E/S.

Shares of the company closed at $62.15 on the Nasdaq on Tuesday. The stock had gained 7 percent so far this year up to Tuesday's close.