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Dish Network Profits Improve 38%

|Includes:DISH Network Corporation (DISH)

Originally published at

Dish Network Corp. (NASDAQ:DISH) announced its fourth quarter financial results for the 2013 fiscal year, posting profits that improved 38%. The television and broadband services company has continued to face fierce competition from its direct rivals as well as increased popularity of online entertainment options. Dish won an important lawsuit last month regarding its Hopper service, which enables users to record and bypass advertising. The company's revenue increased 6.6% to $3.54B while earnings improved from $209.1M and $0.46 per share a year ago to $288M and $0.63 per share. Dish added 654,000 TV subscribers, a little short of the 662,000 gained in the year-ago quarter while broadband subscriptions increased from 57,000 last year to 80,000 this quarter. During fourth quarter, Dish completed the closing of all Blockbuster stores and the DVD mailing service as the company continues to streamline itself and increase profitability.

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Stocks: DISH