- DISH Network Corp (NASDAQ:DISH) reported a third-quarter FY22 revenue decline of 8% year-on-year to $4.095 billion, missing the consensus of $4.150 billion.
- The net decrease primarily resulted from the decline in revenue from its Wireless and Pay-TV segments.
- Drivers: Net Pay-TV subscribers increased by 30,000 in Q3 FY22, compared to a net 13,000 decrease in Q3 FY21.
- DISH closed Q3 with 10.02 million Pay-TV subscribers, including 7.61 million DISH TV subscribers and 2.41 million SLING TV subscribers.
- Retail wireless net subscribers increased by 1,000 in Q3 FY22 compared to a net decrease of 121,000 in Q3 FY21.
- DISH closed Q3 with 8.01 million retail wireless subscribers.
- Operating income declined 40.5% Y/Y to $427 million.
- EPS of $0.65 beat the consensus of $0.56.
- Debt Offering: DISH plans to offer a $2 billion aggregate principal amount of its senior secured notes via institutional offering.
- The net proceeds of the offering will serve general corporate purposes, including the buildout of wireless infrastructure.
- Price Action: DISH shares traded higher by 1.13% at $15.23 on the last check Wednesday.
Regis Q4 EPS $(0.07) Up From $(0.74) YoY, Sales $66.10M Miss $73.30M Estimate
Regis (NYSE:RGS) reported quarterly losses of $(0.07) per share. This is a 91.08 percent increase over losses of $(0.74) per share from the same period last year. The company reported quarterly sales of $66.10 million
