DISH Network (NASDAQ:DISH) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
DISH Network announced earnings per share of $0.13 on revenue of $3.22B. Analysts polled by anticipated EPS of $0.57 on revenue of $3.15B. That with comparison to EPS of $0.65 on revenue of $3.19B in the same period a year before. DISH Network had reported EPS of $0.69 on revenue of $3.24B in the previous quarter. Analysts are expecting EPS of $0.57 and revenue of $3.17B in the upcoming quarter.
DISH Network shares are down 35% from the beginning of the year , still down 48.72% from its 52 week high of $44.66 set on July 24, 2019. They are under-performing the Nasdaq which is down 2.05% year to date.
DISH Network follows other major Services sector earnings this month
DISH Network's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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