News Formal

Horrid Q3 earnings report could hasten a bankruptcy filing from Dish says analyst

  • 📰 PhoneArena
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 11 Pro Max, he has seen smartphones evolve into a global phenomenon.

, shares of Dish Network hit a 25 year low today after releasing a terrible third-quarter earnings report. The company, whose Dish Wireless unit has been selected to be the nation's"fourth nationwide facilities-based network competitor" replacing Sprint, lost 26 cents a share during the three-month period that ended at the end of September. This was much worse than the 6 cents per share loss that Wall Street analysts were expecting.

Some of the red ink illustrates the difficulties Dish faces as it looks to compete in the wireless industry. Bloomberg Intelligence Senior Analyst John Butler said that the poor results show how hard it is to take on the heavyweights in the sector such as. Butler noted that the upcoming merger with EchoStar could give Dish the financial wherewithal to complete the stand-alone 5G network it is building, but won't help it with the challenges it faces from the other major carriers.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 322. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Dish Network Third-Quarter 2023 Earnings Report, Subscriber UpdateThe company, led by CEO Erik Carlson and chairman Charlie Ergen, reported its third-quarter results.
Источник: THR - 🏆 411. / 53 Прочитайте больше »

Dish Stock Slides After Earnings, Revenue Miss. There’s Deal News Too.Dish posted a surprise third-quarter loss. The group is also selling its Puerto Rico and U.S. Virgin Islands assets.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »