Australia markets open in 3 hours 33 minutes
  • ALL ORDS

    6,784.30
    -33.80 (-0.50%)
     
  • AUD/USD

    0.6782
    -0.0017 (-0.25%)
     
  • ASX 200

    6,594.50
    -34.80 (-0.52%)
     
  • OIL

    98.56
    -0.94 (-0.94%)
     
  • GOLD

    1,738.50
    -25.40 (-1.44%)
     
  • BTC-AUD

    29,926.11
    -627.66 (-2.05%)
     
  • CMC Crypto 200

    440.14
    +4.62 (+1.06%)
     

Why Dish Network Is Plunging Today

·2-min read
Why Dish Network Is Plunging Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Shares of cable television name Dish Network (NASDAQ: DISH) are down 12% as of 12:26 p.m. ET Friday, according to data from S&P Global Market Intelligence, following the release of the company's first-quarter revenue and earnings figures that both fell short of estimates. Analysts knew Dish Network was facing a brisk headwind. Dish Network shed another 462,000 paying customers during the quarter in question, with roughly the same number of people canceling cable that canceled access to their virtual, streaming cable alternative Sling TV.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting