Dish Network swings to profit that beats expectations

Pablo Tucker
February 23, 2017

Several other analysts have also commented on the stock.

Check back later for our full write up on this DISH Network earnings report later! They noted that the move was a valuation call. Keeley Asset Management Corp raised its stake in shares of Mitel Networks Corporation by 20.8% in the second quarter. The institutional investor owned 582,750 shares of the company's stock after selling 17,500 shares during the period.

The counter witnessed a trading volume of 19.27 million shares versus an average volume of 24.21 million shares during last trading session. It's now trading about -2.48% below its 52-week high. On the 7th day After Earnings Report, the stock hit its share price as $54.8 by showing -3.32% decrease from the Stock price Before Earnings were reported. Last year, it had about $3.79 billion of revenue. This is better than the analysts' predictions of 66 cents a share.


Revenue fell to $3.72 billion from $3.78 billion.

Revenue for the quarter declined to $3.72 billion from $3.78 billion in the same period previous year. Mitel Networks Corporation had a negative net margin of 1.19% and a positive return on equity of 14.48%. The firm's revenue was down 1.6% on a year-over-year basis. EPS or Earning per Share stands at $2.07. (NASDAQ:DISH) will release its earnings at about 3%.

This piece of content was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally stolen and reposted in violation of USA & global copyright law.


Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. 734,241 shares of the company traded hands. The stock, after opening at $64.5, hit $62.4 through the close by scoring -0.67%. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Stevens Capital Management LP purchased a new stake in shares of Mitel Networks Corp during the third quarter worth approximately $117,000. FMR LLC raised its position in Mitel Networks Corp by 75.0% in the fourth quarter.

DISH Network now carries a Zacks Rank #4 (Sell). The Company operates through three segments: Enterprise, Cloud and Mobile.

That said, Dish is still a rare breed in the industry in that it recognizes the overall trend away from traditional video toward streaming, and wasn't afraid to launch a streaming service that would cannibalize existing TV customers.


Other reports by iNewsToday

FOLLOW OUR NEWSPAPER