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New CEO Announced at Dish After Earnings Beat but Revenue Lags

July 28, 2023
in Trade Tube
Reading Time: 1 min read
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Satellite TV company Dish Network posted Q4 results on Monday that beat analyst estimates. The network announced earnings of $0.88 per share, up from last year’s numbers. Revenue came in lower than expected, lagging behind at $3.68 billion. Dish added around 141,000 net broadband subscribers in 2014 but lost nearly 63,000 Pay-TV subscribers across the fourth quarter. Dish shares were up on the additional announcement that the company founder and chairman Charlie Ergen will take over as Dish CEO at the end of March. Ergen will help develop Dish’s wireless and streaming capabilities as the company continues to see a decline in its core Pay-TV business.

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