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Dish Network: Profits Beat Estimates

  • Reuters, Sunday, November 7, 2010 10:13 PM
Dish Network Corp, the second-biggest U.S. satellite television operator, posted higher-than-expected quarterly profit and revenue on Friday, as existing customers spent more on its services. Net profit in the quarter was $245 million, or 55 cents per share, up from $81 million, or 18 cents per share, a year earlier.

While Dish lost about 29,000 subscribers in the third quarter, the company generated more revenue from those it retained. Average monthly revenue per subscriber rose 7%, which the company said was because of price increases in February and June 2010 and "changes in the sales mix toward more advanced hardware offerings," like HDTV.

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