NEW YORK, Nov 7 (Reuters) - EchoStar Communications Corp.
DISH, the No. 2 U.S. satellite television provider, on
Tuesday reported stronger-than-expected subscriber growth in
the third quarter, sending shares up 2 percent.
While profit fell due to higher costs for servicing a
bigger subscriber base, revenue topped the average forecast
from analysts, who had expected much slower subscriber growth
in the face of competition from cable TV providers.
EchoStar said it added 295,000 subscribers to its DISH
network in the quarter, up from 255,000 a year earlier. It now
has 12.8 million subscribers.
According to Cowen & Co., analysts on average forecast a
slowdown in subscriber additions to 214,000.
Analysts have said growth appeared to be running out of
steam at EchoStar and its larger rival DirecTV Group Inc.
DTV as cable companies win subscribers by bundling
television, high-speed Internet and telephone service in
competitively priced packages.
DISH, the No. 2 U.S. satellite television provider, on
Tuesday reported stronger-than-expected subscriber growth in
the third quarter, sending shares up 2 percent.
While profit fell due to higher costs for servicing a
bigger subscriber base, revenue topped the average forecast
from analysts, who had expected much slower subscriber growth
in the face of competition from cable TV providers.
EchoStar said it added 295,000 subscribers to its DISH
network in the quarter, up from 255,000 a year earlier. It now
has 12.8 million subscribers.
According to Cowen & Co., analysts on average forecast a
slowdown in subscriber additions to 214,000.
Analysts have said growth appeared to be running out of
steam at EchoStar and its larger rival DirecTV Group Inc.
DTV as cable companies win subscribers by bundling
television, high-speed Internet and telephone service in
competitively priced packages.
