[Satellite Today 11-11-08] Dish Network Corp. reported a $108 million decline in net income and a loss of approximately 10,000 net subscribers in its 2008 third quarter financial report released Nov. 10.
The company attributed the $108 million decline in net earnings to impairments on marketable and non-marketable securities.
Despite the losses, the company reported a 5.1 percent increase in total revenue at $2.94 billion up from $2.79 billion for the corresponding period in 2007. Basic earnings per share were $0.20 for the quarter compared with basic earnings per share of $0.45 during the corresponding period in 2007.
Dish Network Reports Subscriber, Income Loss in Third Quarter
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AT&T and AST SpaceMobile recently demonstrated a handoff between AT&T’s cellular network and AST SpaceMobile’s direct-to-device satellite network, calling it a first-of-its-kind demonstration. During the demonstration in late October, a […]
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