Published on 7 Nov 2023 on Zacks via Yahoo Finance
DISH Network (DISH) Q3 Earnings Miss, Revenues Decline Y/Y
DISH Network DISH reported a third-quarter 2023 loss of 26 cents per share, in contrast to the Zacks Consensus Estimate of earnings of 25 cents per share. The bottom line also declined 140% year over year.Revenues decreased 9.7% year over year to $3.7 billion and lagged the consensus mark by 3.69%.Revenues from the United States fell 9.5% year over year to $3.69 billion. Revenues from Canada and Mexico decreased 23.2% to $9.97 million.DISH also announced that it has entered into an agreement to acquire EchoStar Corporation in an all-stock merger.Shares of DISH have declined 60.9% year to date, underperforming the Zacks Consumer Discretionary sector.
DISH Network Corporation Price, Consensus and EPS Surprise
