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Dish Slips: Q2 Piles Up Less-Bad Subscriber Losses, as Debt Mounts

Shares of Dish Network (DISH) are down $1.18, or 1.8%, at $62.82, after the company this morning missed Q2 revenue and profit expectations, as it lost pay television customers and average revenue per subscriber declined.

Revenue of $3.64 billion was down 5.7% from the prior-year period and below the $3.71 billion consensus. EPS of 9 cents per share was well below the average estimate for 91 cents.

Pay TV subscribers declined by about 2%, to 13.3 million. Average revenue from each subscriber dropped to $87.25 to $89.98.

Looking over the results, Vijay Jayant with Evercore ISI, who has an Outperform rating on the stock, cheers a less-bad set of subscriber losses:

DISH reported Pay TV subscriber losses of only (196)k in 2Q17 versus our estimate of subscriber losses of...