Dish Results Beat Estimates Shares Jump 145 Percent

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Dish Results Beat Estimates Shares Jump 145 Percent

– Dish Network Corp (DISH.O) reported better-than-expected quarterly profit and revenue on Friday, as the company lost fewer satellite TV subscribers than expected and said it was on track to build the first phase of its wireless network.

The U.S. satellite TV provider has struggled to stop losses from cord-cutting as viewers move to cheaper online streaming services, and is working to diversify its business by eventually launching a 5G wireless network.

Shares ended 14.5 percent higher at $34.20 on the New York Stock Exchange.

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