Streetbeat News

DISH

Dish Network Corp

CEO

W. Erik Carlson

Employees

17,791

Industry

Satellite Telecommunications

dish network wants to recreate the landscape of information and entertainment to become the sole provider of voice, video and data. we possess the integrity to set high goals and the commitment to achieve the results. we believe pride is a personal commitment, to do your best in everything you do. we explore the uncharted course, we make mistakes and we learn from them. we are willing to take risks and have the confidence to overcome obstacles along the way. our goal is clear even if the path isn't. there is no substitute for winning. we possess the discipline and the competitive spirit to make winning a reality. to view this page's terms of service, please visit http://www.dish.com/careers/legal/socialmediatos/. fortune and time, inc. are not affiliated with, and do not endorse products or services of dish network. from fortune magazine, march 1, 2015 © 2015 time, inc. used under license. fortune and the world's most admired companies are registered trademarks of time, inc. and

Open

5.64

Mkt cap

3.1B

Volume

51M

High

5.96

P/E Ratio

3.04

52-wk high

15.96

Low

5.57

Div yield

N/A

52-wk low

3.21

US stocks traded higher with the Nasdaq Composite gaining around 50 points. Consumer discretionary shares jumped by 0.6% while real estate shares fell by 1.1%. DISH Network Corp reported Q3 revenue of $3.70 billion, missing the consensus of $3.72 billion. Carbon Revolution Public Limited shares shot up 546% after a merger with Twin Ridge Capital Acquisition Corp. Bluegreen Vacations Holding Corporation shares boosted by 106% after the company announced it would be acquired by Hilton Grand Vacations. Verb Technology Company shares were up by 52% amid the company announcing new technology integrations for its MARKET.live platform. MoonLake Immunotherapeutics shares dropped 25% after the company announced results of its phase 2 study treating active Psoriatic Arthritis. DISH Network Corporation shares were down 19% after the company reported Q3 results. EchoStar Corporation was down, falling 18% after the company reported worse-than-expected Q3 sales.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 2:48 pm

DISH Network Corp reported Q3 revenue of $3.70 billion, missing the consensus of $3.72 billion. The company also reported a loss of $0.26 per share, down from $0.65 Y/Y, missing the consensus of $0.04. Net pay-TV subscribers decreased by approximately 64,000 in the quarter, and retail wireless net subscribers decreased by approximately 225,000. CEO W. Erik Carlson intends to resign effective November 12, 2023, and Hamid Akhavan, the current CEO of EchoStar, is expected to take over. DISH shares are trading lower by 10.20% premarket.

Portfolio Pulse from Anusuya Lahiri

November 06, 2023 | 2:19 pm

US stock futures are holding up early Monday, indicating a potential extension of last week's gains. The market's performance will be influenced by a scheduled Fed speech and the release of several earnings reports, mostly from small and mid-cap companies. Despite the recent rally, analysts remain cautious due to the lack of breadth in the market. The rise in bond yields may also cause unease among traders. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Several companies, including Tesla, Berkshire Hathaway, and DISH Network, are in focus due to premarket trading activity and upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

November 06, 2023 | 11:47 am

DISH Network Corporation plans to work with EchoStar Corporation to appoint Hamid Akhavan, the current CEO and President of EchoStar, to the additional post of President and CEO of DISH, effective from November 13, 2023. The appointment is subject to the approval of both DISH and EchoStar's board of directors.