- Dish Network posted a surprise loss for the third quarter as pay TV subscriptions dropped more than expected in the face of tough competition from streaming services, sending its shares down nearly 6% premarket on Monday.
Its pay-TV subscribers, which includes Dish TV and Sling TV customers, fell by 64,000 in the three months to September, larger than Visible Alpha estimates for a decline of 39,620. Dish posted a loss of 26 cents for the third quarter, while analysts' had expected a 5-cent profit, LSEG data showed. Revenue fell nearly 10% to $3.70 billion, missing estimates of $3.72 billion.
Dish also has the option to buy 800 megahertz of T-Mobile's spectrum licenses, but has not yet made the move. Bloomberg News reported last month that the companies told a U.S. court they had agreed to give Dish until April 1 to buy the airwaves after the satellite network missed an August deadline.The TFSA is the ideal place to compound stock investments for years. Here are seven stocks for strong long-term TFSA returns.
Suze Orman: It ‘Makes Absolutely No Sense’ To Prioritize Traditional Retirement Savings If You Live Paycheck-to-Paycheck