Dish Network Q2 profit misses on sub losses

Dish Network’s quarterly profit fell short of market estimates as the satellite-TV provider lost subscribers, hurt by increased competition.

For the second quarter, the second-largest satellite TV provider in the US posted a net income of $335 million, compared with $275 million a year earlier. Revenue grew 13 per cent to $3.59 billion.

Dish’s net subscribers fell by about 135,000 in the quarter.

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