Dish Beats Profit Estimates After Adding 657,000 Subscribers In First Quarter

Dish Network Corp. said Wednesday it had net income of $389 million, or 84 cents a share, in the first quarter, up from $351 million, or 76 cents a share, in the year-earlier period. Revenue rose to $3.79 billion from $3.72 billion a year ago. The FactSet consensus was for EPS of 63 cents and revenue of $3.79 billion. The pay-tv company said it added 657,000 new subscribers in the quarter, after adding about 723,000 in the year-earlier quarter. The company had 13.874 million pay-tv subscribers at the end of the quarter, compared with 14.013 million a year ago. Shares were not yet active in premarket trade, but are down 17% in the year so far, while the S&P 500 has gained 2.8%.