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Dish subscriber count beats expectations

The sign in the lobby of the corporate headquarters of Dish Network is seen in the Denver suburb of Englewood, Colorado April 6, 2011. REUTE
The sign in the lobby of the corporate headquarters of Dish Network is seen in the Denver suburb of Englewood, Colorado April 6, 2011. REUTE

(Reuters) - Dish Network Corp added 35,000 pay-TV subscribers in the third quarter, far exceeding expectations.

Wall Street analysts had expected the company to lose 39,000 subscribers, according to StreetAccount data.

Dish reported net income of $315 million, or 68 cents per share, in the quarter ended September 30, compared with a net loss of $158 million, or 35 cents per share, a year earlier.

In the year-earlier period, net income was reduced by $453 million due to a lawsuit settlement with Voom.

Revenue rose 2 percent to $3.60 billion in the latest quarter.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Savio D'Souza)

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