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Dish profit rises 30%

Dish Network, the smaller of the nation's two satellite broadcasters, saw profit and revenue rise last quarter but lost 111,000 subscribers, citing intense competition -- including heavy discounting by rivals -- a weak housing market and lower discretionary spending by consumers.

 

TiVo Posts Surprise FY Q1 Profit On Legal Settlement

TiVo late Tuesday reported better-than-expected results for its fiscal first quarter ended April 30. For the quarter, the DVR seller posted revenue of $45.7 million and diluted EPS of $1.04 a share, with adjusted EBITDA of $149.4 million. The Street had been expecting revenue if $42 million and a loss of 31 cents a share. Adjusted EBITDA and net income reflect litigation proceeds of $175.7 million from the company’s recent patent infringement settlement with Dish Network.

 

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