CHICAGO (MarketWatch) -- Shares of satelite broadcaster
Dish Network Corp. were
up 5% Monday morning after the company said it would pay a special $2 dividend, payable Dec. 1 to shareholders of record as of Nov. 17. The company's fundamentals were only so-so, as it posted a third-quarter profit of $319.1 million, or 71 cents a share, on revenue of $3.6 billion. Analysts polled by FactSet Research expected a profit of 74 cents a share on sales of $3.64 billion. Analysts expressed concern that average revenue per-customer was weaker than anticipated, given a $5 price increase put into place earlier this year. The figure came in at $76.99, shy of the consensus Wall Street forecast of $78.50 per customer. Like other satellite and cable companies in the period, Dish Network saw a decline in basic video customers, losing 111,000 subscribers in the third quarter. Most analysts had been expecting a loss of just 80,000 customers, but Wells Fargo analyst Marci Ryvicker said DirecTV's results last week had many observers looking for subscriber losses of as much as 200,000. In that context, "we would say [111,000] is not as bad as feared," Ryvicker told clients.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Weiter zum vollständigen Artikel bei
"Market Watch"
