DISH Network(R) Reports Second Quarter 2008 Financial Results
DISH Network(R) Reports Second Quarter 2008 Financial Results
ENGLEWOOD, Colo., Aug. 4 /PRNewswire-FirstCall/ -- DISH Network Corporation (NASDAQ:DISH) today reported total revenue of $2.91 billion for the quarter ended June 30, 2008, a 5.6 percent increase compared with $2.76 billion for the corresponding period in 2007.
Net income totaled $336 million for the quarter ended June 30, 2008, compared with $224 million during the corresponding period in 2007. Basic earnings per share were $0.75 for the quarter ended June 30, 2008, compared with basic earnings per share of $0.50 during the corresponding period in 2007.
DISH Network lost approximately 25,000 net subscribers during the quarter ended June 30, 2008, ending the quarter with approximately 13.79 million subscribers.
Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarterly period ended June 30, 2008, filed today with the Securities and Exchange Commission.
About DISH Network Corporation
DISH Network Corporation (NASDAQ:DISH), the nation's third largest pay-TV provider and the leader in digital television, provides approximately 13.79 million satellite TV customers with industry-leading customer satisfaction which has surpassed major cable TV providers for eight consecutive years. DISH Network also provides customers with award-winning HD and DVR technology including the ViP722(TM) HD DVR, which received the Editors' Choice awards from both CNET and PC Magazine. In addition, subscribers enjoy access to hundreds of video and audio channels, the most International channels in the U.S., industry-leading Interactive TV applications, Latino programming, and the best sports and movies in HD. DISH Network offers a variety of package and price options including the lowest all-digital price in America, the DishDVR Advantage Package, high-speed Internet service, and a free upgrade to the best HD DVR in the industry. DISH Network is included in the Nasdaq-100 Index (NDX) and is a Fortune 300 company. Visit http://www.dishnetwork.com/aboutus or call 1-800-333-DISH (3474) for more information.
DISH Network will host its Second Quarter 2008 earnings conference call today at noon ET. The dial-in number is (800) 616-6729.
First Call Analyst:
FCMN Contact:
Source: DISH Network Corporation
CONTACT: Press, Kathie Gonzalez, +1-720-514-5351, press@echostar.com, or
Investor Relations, Jason Kiser, +1-303-723-2210, Jason.Kiser@echostar.com
Web site: http://www.dishnetwork.com/
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