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Why DISH Shares Are Trading Lower Premarket Today

Anusuya Lahiri
·1 分鐘文章

  • DISH Network Corp (NASDAQ: DISH) reported a first-quarter FY23 revenue decline of 8.6% year-on-year to $3.96 billion, missing the consensus estimate of $4.06 billion.

  • The net decrease primarily resulted from the decline in revenue from its Pay-TV Wireless and Wireless segments.

  • Net pay TV subscribers decreased by 552,000 in Q1 compared to a net 462,000 decline in Q1 FY22.

  • Also Read: Dish Yet To Clarify On Ransomware Attack Two Weeks Ago, Likely To Impact Beyond 10M Customers With No Easy Path To Recovery

  • DISH closed Q1 FY23 with 9.20 million Pay-TV subscribers, including 7.10 million DISH TV subscribers and 2.10 million SLING TV subscribers.

  • Retail wireless net subscribers decreased by 81,000 in Q1 FY23 compared to a net decrease of 343,000 in Q1 FY22.

  • DISH closed Q1 FY23 with 7.91 million retail wireless subscribers.

  • Operating income declined to $323.4 million, down from $550.4 million a year ago.

  • EPS of $0.35 missed the consensus estimate of $0.36.

  • DISH Price Action: DISH shares traded lower by 4.49% at $6.80 premarket on the last check Monday.

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This article Why DISH Shares Are Trading Lower Premarket Today originally appeared on Benzinga.com

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