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Dish Network Stock Rises Behind Q2 Results

8/11/2009 09:13:00 AM Eastern

New York - Dish Network beat most analysts' estimates for the second quarter, reporting a 26,000 rise in net new subscribers, and its stock soared as high as $20.40 per share (up more than 10% or $1.98 each) before settling down to close at $19.30 each (up 5%, or 88 cents) in Monday trading.

Analysts' had expected the second quarter would be another one of heavy losses for the satellite TV giant, with consensus estimates for a loss of 131,000 subscribers.

 

 

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