DISH Network Corporation
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
- On November 6, 2023, DISH Network disclosed its financial results for the third quarter of 2023. The announcement included a third-quarter GAAP EPS of -$0.26, which was $0.30 below the consensus estimates. The company also reported revenues of $3.7 billion, missing the expected figures by $120 million and indicating a 9.8% decline compared to the previous year. Additionally, the company revealed a significant drop in retail wireless net subscribers, with a loss of approximately 225,000 in Q3, contrasting sharply with a net increase of 1,000 in the same quarter of the previous year. Furthermore, DISH announced the upcoming resignation of its President and CEO, W. Erik Carlson, effective November 12, 2023.Following this news, DISH’s stock price experienced a substantial decline, dropping $2.05 per share or 37.34%, closing at $3.44 per share on the same day.
