DISH Network: Q2 Earnings Insights

Shares of DISH Network DISH moved higher by 2.6% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 30.00% over the past year to $0.78, which beat the estimate of $0.58.

Revenue of $3,187,000,000 declined by 0.75% from the same period last year, which beat the estimate of $3,100,000,000.

Looking Ahead

DISH Network hasn't issued any earnings guidance for the time being.

DISH Network hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 07, 2020

Time: 12:00 PM

ET Webcast URL: https://ir.dish.com/events/event-details/dish-q2-2020-financial-results

Technicals

52-week high: $42.62

52-week low: $17.09

Price action over last quarter: Up 36.77%

Company Overview

From its founding in the 1980s Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach. The firm now serves 9.4 million U.S. customers via its network of owned and leased satellites. Dish launched an Internet-based television offering under the Sling brand in 2015 and now serves about 2.6 million customers on this platform. Dish's future, however, hinges primarily on the wireless business. The firm has amassed a large portfolio of spectrum licenses over the past decade, spending more than $21 billion in the process. It plans to acquire Sprint's prepaid business and build a nationwide wireless network.