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Why Dish Network Is Plunging Today

·2-min read
Why Dish Network Is Plunging Today
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Shares of cable television name Dish Network (NASDAQ: DISH) are down 12% as of 12:26 p.m. ET Friday, according to data from S&P Global Market Intelligence, following the release of the company's first-quarter revenue and earnings figures that both fell short of estimates. Analysts knew Dish Network was facing a brisk headwind. Dish Network shed another 462,000 paying customers during the quarter in question, with roughly the same number of people canceling cable that canceled access to their virtual, streaming cable alternative Sling TV.

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