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DISH Network Reports First Quarter 2011 Financial Results

Discussion in 'General DISH™ Discussion' started by Slamminc11, May 2, 2011.

  1. May 2, 2011 #1 of 10
    Slamminc11

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    DISH Network Reports First Quarter 2011 Financial Results





    ENGLEWOOD, Colo., May 2, 2011 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) today reported total revenue of $3.22 billion for the quarter ended March 31, 2011, a 5.5 percent increase compared with $3.06 billion for the corresponding period in 2010.

    (Logo: http://photos.prnewswire.com/prnh/20100611/LA19624LOGO)

    Net income attributable to common shareholders totaled $549 million for the quarter ended March 31, 2011, compared with $231 million during the corresponding period in 2010. Diluted earnings per share were $1.22 for the quarter ended March 31, 2011, compared with $0.52 during the corresponding period in 2010.

    DISH Network gained approximately 58,000 net subscribers during the quarter ended March 31, 2011, ending the quarter with approximately 14.191 million subscribers.

    Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarterly period ended March 31, 2011, filed today with the Securities and Exchange Commission.

    DISH Network will host its first quarter 2011 financial results conference call today at noon ET. The dial-in number is (800) 616-6729.
     
  2. May 2, 2011 #2 of 10
    RasputinAXP

    RasputinAXP Kwisatz Haderach of Cordcuttery

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    Wow. And Charlie gets to put the Tivo settlement on the 2Q report. Way to go, Charlie.
     
  3. May 2, 2011 #3 of 10
    Paul Secic

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    Good!
     
  4. May 2, 2011 #4 of 10
    DodgerKing

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    Dish finally gets good news and it happens during one of the more historic events. Either Dish is unlucky, or this could be a symbol of good things to come
     
  5. May 2, 2011 #5 of 10
    phrelin

    phrelin Hall Of Fame DBSTalk Club

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    Actually, he put it in this quarterly under Note 11 Subsequent Events. See this post under the settlement thread. He also got the Blockbuster acquisition in that note.
     
  6. May 2, 2011 #6 of 10
    James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Blockbuster, Tivo and the killing of Bin Laden did not occur in the 2nd quarter ... so the belong in "subsequent events" (well, at least two of those stories do.)
     
  7. May 2, 2011 #7 of 10
    Stewart Vernon

    Stewart Vernon Roving Reporter Staff Member Super Moderator DBSTalk Club

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    Granted the numbers weren't huge... but gains in both profit and subscribers... Is that the first time Dish has gained in both in a while?

    I'm sure they did that when first growing the business... but I can't remember any recent memory of gains on both measures.
     
  8. May 3, 2011 #8 of 10
    James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Profit has been good for more than a year --- the last quarter under $200k was 4Q 2009 ... otherwise no negative quarters since 2002.

    DISH had four net loss quarters in a row 2Q 2008 through 1Q 2009, followed by a weak 26k net gain and three spectacular 230k+ net gain quarters before plunging in to negative net subscriber gains.
     
  9. May 5, 2011 #9 of 10
    FTA Michael

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  10. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    A lot of talk about nothing?
     

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