Dish Results Beat Estimates, Shares Jump 14.5 Percent

Dish Results Beat Estimates, Shares Jump 14.5 Percent
A Dish Network satellite dish is shown on a residential home in Encinitas, California on Nov. 8, 2017. REUTERS/Mike Blake
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Dish Network Corp reported better-than-expected quarterly profit and revenue on Friday, as the company lost fewer satellite TV subscribers than expected and said it was on track to build the first phase of its wireless network.

The U.S. satellite TV provider has struggled to stop losses from cord-cutting as viewers move to cheaper online streaming services, and is working to diversify its business by eventually launching a 5G wireless network.