5 Stocks that Just Delivered Impressive Quarterly Earnings

3. DISH Network Corporation (NASDAQ: DISH)

Number of Hedge Fund Holders: 51

DISH started its journey as a small retail store named EchoStar in 1980, initially selling direct-to-home satellite TV products and services. In 1996, the company launched its satellite television service called Dish Network that became increasingly popular in the U.S. In 2007, the company split its technology and infrastructure business under the EchoStar name, while the direct-broadcast satellite television business was renamed DISH Network.

The company has recently announced better-than-expected financial results for the second quarter. DISH reported earnings of $1.06 per share for the three months ended June 30, up from 78 cents per share in the comparable period of 2020.

Revenue improved to $4.49 billion, versus $3.19 billion in the year-ago quarter. The results exceeded analysts’ average estimate of 89 cents per share for earnings and $4.43 billion for revenue.

However, DISH lost 67,000 Pay-TV subscribers in the quarter, still lower than 96,000 it lost in the same period last year. On the bright side, it acquired over 200,000 wireless subscribers as a result of its asset purchase deal with Republic Wireless.