DISH Network Reports Second Quarter 2010 Financial Results

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Aug 09, 2010, 06:05 ET

ENGLEWOOD, Colo., Aug. 9 /PRNewswire-FirstCall/ -- DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $3.17 billion for the quarter ended June 30, 2010, a 9.1 percent increase compared with $2.90 billion for the corresponding period in 2009.

Net income attributable to common shareholders totaled $257 million for the quarter ended June 30, 2010, compared with $63 million during the corresponding period in 2009. Basic earnings per share were $0.57 for the quarter ended June 30, 2010, compared with basic earnings per share of $0.14 during the corresponding period in 2009.

DISH Network lost approximately 19,000 net subscribers during the quarter ended June 30, 2010, ending the quarter with approximately 14.318 million subscribers.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarterly period ended June 30, 2010, filed today with the Securities and Exchange Commission.

About DISH Network

DISH Network Corporation (NASDAQ:DISH), through its subsidiary DISH Network L.L.C., provides more than 14.3 million satellite TV customers, as of June 30, 2010, with the highest quality programming and technology at the best value, including HD Free for Life. Subscribers enjoy the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology including the ViP922, the world's only DVR with built-in Sling functionality. DISH Network is first in Customer Satisfaction among all cable and satellite providers according to the 2010 American Customer Satisfaction Index survey results for the U.S. largest cable and satellite TV providers. DISH Network Corporation is included in the Nasdaq-100 Index (NDX) and is a Fortune 200 company. Visit www.dish.com.

DISH Network will host its Second Quarter 2010 financial results conference call today at noon EDT. The dial-in number is (800) 616-6729.

SOURCE DISH Network Corporation