Dish Network profit surges on U.S. tax law boost

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Reuters
Last Updated : Feb 21 2018 | 4:55 PM IST

(Reuters) - Dish Network Corp reported a jump in fourth-quarter profit on Wednesday due to a benefit of about $1.2 billion related to changes in U.S. tax laws.

Net income attributable to Dish rose to $1.39 billion, or $2.64 per share, in the quarter ended Dec. 31 from $355 million, or 73 cents per share, a year earlier.

The U.S. satellite and internet TV provider said revenue fell to $3.48 billion from $3.75 billion.

(Reporting by Sonam Rai in Bengaluru; Editing by Savio D'Souza)

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First Published: Feb 21 2018 | 4:48 PM IST

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