Inside DISH’s Results
Profits for the year rose 17% to $945 million, or $2.04 per share, from $807 million, or $1.76 per share, in 2013. On average, analysts expected to see EPS of $1.59.
Sales increased 5.3% to $14.6 billion from $13.9 billion in 2013. Analysts expected to see revenue of $14.66 billion.
CEO to Retire
The company also announced that its CEO Joe Clayton will retire at the end of March. DISH’s Chairman Charlie Ergen will take the CEO postition.
Profits Increased, but DISH Is Losing Subscribers
Despite the loss of customers, shares of DISH have increased 35% in the last year.
Mutual Funds to Watch
|PVSAX||Putnam Capital Spectrum A||5.25%|
|PYSAX||Putnam Equity Spectrum A||2.37%|
|DODGX||Dodge & Cox Stock||1.48%|
The Bottom Line
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