Shares of DISH Network plunged to a 25-year low on Monday after the company announced an unanticipated loss in the third quarter and the resignation of CEO Erik Carlson effective Nov. 12.
ENGLEWOOD, COLORADO – JUNE 23: Dish Network’s corporate headquarters is in Englewood, Colorado, Thursday, June 23, 2022.
Analysts had expected the company to report positive results in the third quarter, but DISH instead reported a loss of $0.26 a share, down from the $0.65 a share gain reported a year earlier. Revenues also missed estimates, falling nearly 10% to $3.7 billion versus $4.10 billion a year earlier.
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