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DISH Network Reports First Quarter 2011 Financial Results


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9 replies to this topic

#1 OFFLINE   Slamminc11

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Posted 02 May 2011 - 04:43 AM

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.prnews...611/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.

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#2 OFFLINE   RasputinAXP

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Posted 02 May 2011 - 06:43 AM

Wow. And Charlie gets to put the Tivo settlement on the 2Q report. Way to go, Charlie.

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#3 OFFLINE   Paul Secic

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Posted 02 May 2011 - 11:50 AM

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.prnews...611/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.


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#4 OFFLINE   DodgerKing

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Posted 02 May 2011 - 11:55 AM

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 OFFLINE   phrelin

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Posted 02 May 2011 - 12:09 PM

Wow. And Charlie gets to put the Tivo settlement on the 2Q report. Way to go, Charlie.

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.

Edited by phrelin, 02 May 2011 - 12:21 PM.
corrected the link

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#6 OFFLINE   James Long

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Posted 02 May 2011 - 04:36 PM

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 OFFLINE   Stewart Vernon

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Posted 02 May 2011 - 07:57 PM

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.

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#8 OFFLINE   James Long

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Posted 03 May 2011 - 06:23 PM

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.

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 OFFLINE   FTA Michael

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Posted 05 May 2011 - 10:27 AM

Here's a transcript of the conference call, including all the info Charlie would say about his "Seinfeld strategy": http://seekingalpha....ript?part=qanda
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#10 OFFLINE   James Long

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Posted 05 May 2011 - 04:36 PM

A lot of talk about nothing?




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