Echostar Profits off by 54%

[raymo721]

Just heard about this on the "Good Morning Washington" news show here in DC this morning. They didn't elaborate to much but cited the loss on low new subs and competition from cable and other providers. Funny, D* was not mentioned by name.--Ray

 

[SaltiDawg]

Just heard about this on the "Good Morning Washington" news show here in DC this morning. They didn't elaborate to much but cited the loss on low new subs and competition from cable and other providers. Funny, D* was not mentioned by name.--Ray

Not as bad as it may seem. Dish's price was unchanged yesterday.

Last year's 1st Qtr included a +$134 million insurance settlement and this year's 1st Qtr included the -$74 million Tivo Settlement.

"Revenue rose to $2.29 billion from $2 billion last year"

"The company added approximately 225,000 net new subscribers during the quarter, ending with 12.27 million customers in all. This was a slowdown from the year-earlier period when the company added 325,000 net new users."

 

[riffjim4069]

DISH was down a 1.36% in after-hours trading. Near term, E* is doing fine as noted by SaltiDawg. Long term, the years of double-digit grown are quickly coming to an end. I expect both E* and D* to start losing marketshare within the next three years...the Cable/Telco triple play puts DBS at a significant disadvantage that will be hard to beat. We shall see...