Please ensure Javascript is enabled for purposes of website accessibility

Why DISH Network Stock Jumped Friday

By Daniel Sparks - Updated Aug 3, 2018 at 4:33PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Here are the metrics form DISH's second-quarter report that propelled the stock higher Friday.

What happened

Shares of DISH Network (DISH 3.82%) surged Friday, climbing as much as 14.3%. At 3:55 p.m. EDT, shares were up 13.4%.

This stock's gain follows the company's second-quarter results, which featured better-than-expected revenue and earnings per share, as well as lower-than-expected satellite subscriber losses.

A chart of a stock price moving higher

Image source: Getty Images.

So what

DISH reported revenue of $3.46 billion, down from $3.64 billion in the year-ago quarter. The company said its subscriber-related revenue was $3.42 billion, down from $3.61 billion in the year-ago quarter.

EPS for the quarter was $0.83, up from $0.09 in the year-ago quarter. On average, analysts were expecting EPS of $0.71 on total revenue of $3.44 billion.

DISH lost 192,000 satellite subscribers, below a consensus analyst forecast for a decline in satellite subscribers of 235,000.

Now what

While lower-than-expected satellite subscriber losses will help better fund DISH's expansion in internet TV, it's worth noting that DISH's streaming service, Sling TV, added fewer subscribers than expected. Sling TV subscriber additions during the quarter were 41,000, below a consensus analyst estimate for 68,000.

Investors will want to keep a close eye on Sling's subscriber growth, looking for healthy additions in the coming quarters.

Daniel Sparks has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

DISH Network Corporation Stock Quote
DISH Network Corporation
DISH
$20.11 (3.82%) $0.74

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
389%
 
S&P 500 Returns
125%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/13/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.