Dish Network 4Q profit rises, but misses forecast

[March 02, 2009]  NEW YORK (AP) -- Satellite TV provider Dish Network Corp. says its fourth-quarter profit jumped 24 percent, but fell shy of Wall Street forecasts.

Englewood, Colo.-based Dish earned $217 million, or 48 cents per share, up from $175 million, or 39 cents per share, during the same period a year prior. Sales rose 1 percent to $2.92 billion from $2.89 billion.

Analysts polled by Thomson Reuters expected profit of 49 cents per share on sales of $2.96 billion.

During the quarter, the company says it lost 102,000 subscribers, leaving the company with just under 13.7 million subscribers as of Dec. 31.

[Associated Press]

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