UPDATE: Dish Network Reports Strong Rise In Q1 Profit; Shares Rise In Pre-Market Trading

Dish Network Corp DISH reported a more than two-fold surge in its first-quarter net income. The company's net income increased to $549 million, or $1.22 per share, up from $231 million, or $0.52 per share, in the year-earlier period. Dish's quarterly revenue increased 5.5% to $3.22 billion. DISH shares surged 8.03% to $27.05 in pre-market trading. Read more from Benzinga's Company news.