Dish revenue rises 6 percent on higher net subscriber additions

Reuters News
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Posted: May 08, 2014 6:23 AM

(Reuters) - Dish Network Corp, the second-largest U.S. satellite TV company, reported a 6 percent rise in first-quarter revenue as it added a net 40,000 pay-TV subscribers.

Wall Street analysts had expected the company to add a net 21,900 subscribers in the quarter ended March 31, according to market research firm StreetAccount.

Revenue rose to $3.59 billion from $3.38 billion a year earlier.

Net income attributable to the company fell to $175.9 million, or 38 cents per share, from $215.6 million, or 47 cents per share, a year earlier.

(Reporting by Soham Chatterjee; Editing by Don Sebastian)