UPDATE: Dish Network Reports 30% Surge In Q2 Profit

Dish Network Corp DISH reported a 30% rise in its second-quarter profit. Dish Network's quarterly profit surged to $335 million, or $0.75 per share, from $257 million, or $0.57 per share, in the year-ago period. Its revenue climbed 13% to $3.59 billion. However, analysts were expecting earnings of $0.79 per share on revenue of $3.38 billion. Dish Network reported that net subscribers dropped 135,000 to 14.056 million during the quarter. DISH shares dipped 9.87% to close at $22.64 yesterday.