Dish misses 3Q profit and revenue expectations

MarketsAssociated Press

ENGLEWOOD, Colo. (AP) — Dish Network Corp. (DISH) on Tuesday reported third-quarter earnings of $145.5 million.

On a per-share basis, the Englewood, Colorado-based company said it had profit of 31 cents.

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The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The satellite television provider posted revenue of $3.68 billion in the period, which also fell short of Street forecasts. Analysts expected $3.7 billion, according to Zacks.

Dish shares have risen 10 percent since the beginning of the year. The stock has increased 32 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. DISH stock research report from Zacks.

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Keywords:Dish,Earnings Report