DISH Network Reports First Quarter 2011 Financial Results

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May 02, 2011, 06:00 ET

ENGLEWOOD, Colo., May 2, 2011 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) today reported total revenue of $3.22 billion for the quarter ended March 31, 2011, a 5.5 percent increase compared with $3.06 billion for the corresponding period in 2010.

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Net income attributable to common shareholders totaled $549 million for the quarter ended March 31, 2011, compared with $231 million during the corresponding period in 2010. Diluted earnings per share were $1.22 for the quarter ended March 31, 2011, compared with $0.52 during the corresponding period in 2010.

DISH Network gained approximately 58,000 net subscribers during the quarter ended March 31, 2011, ending the quarter with approximately 14.191 million subscribers.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarterly period ended March 31, 2011, filed today with the Securities and Exchange Commission.

DISH Network will host its first quarter 2011 financial results conference call today at noon ET. The dial-in number is (800) 616-6729.

About DISH Network

DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network L.L.C., provides more than 14.19 million satellite TV customers, as of March 31, 2011, with the highest quality programming and technology at the best value, including HD Free for Life. Subscribers enjoy industry-leading customer satisfaction, the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.

SOURCE DISH Network Corporation