DISH Network Corporation (NASDAQ:DISH) shares moved forward early Wednesday, on revenue totaling $3.24 billion for the quarter ending December 31, 2019, compared to $3.31 billion for the corresponding period in 2018.
The Englewood, Colorado-based company also revealed net income attributable to DISH Network totaled $389 million for the fourth quarter 2019, compared to $337 million from the year-ago quarter. Diluted earnings per share were $0.69 for the fourth quarter, compared to $0.64 per share during the same period of 2018.
The company closed the fourth quarter with 11.99 million Pay-TV subscribers, including 9.40 million DISH TV subscribers and 2.59 million Sling TV subscribers.
Net Pay-TV subscribers decreased by approximately 194,000 in the fourth quarter, compared to a net decrease of 334,000 in the year-ago quarter.
For the year, DISH reported 2019 total revenue of $12.81 billion, compared to $13.62 billion in 2018.
Net income attributable to DISH Network in 2019 was $1.40 billion, compared to $1.58 billion in 2018. Diluted earnings per share were $2.60 in 2019, compared to $3.00 in 2018.
DISH prides itself on being a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming Sling TV services.
DISH shares began Wednesday up 55 cents, or 1.3%, to $41.84
