Satellite TV provider Dish Network (Nasdaq:DISH) turned in a stunning first quarter performance by more than doubling its income. Dish added subscribers and used price increases to boost margins and drive the quarter’s results. The company raised its prices in February and cut back discounting to fight the erosion of subscribers it had experienced in previous quarters. The company concentrated its marketing efforts on higher-priced subscribers. The net income and EPS numbers stand out for Dish’s quarter. Net income rose from $218 million in last year’s quarter to $549 million this year’s. EPS was $1.22 compared to $0.52 a year ago. This was achieved on revenue of $3.22 billion versus last year’s Q1 revenue of $3.06 billion.
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