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

(Reuters) – Dish Network Corp (DISH.O) 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.

(This refiled version of the story corrects to remove extraneous word “cents” in second paragraph).

Reporting by Sonam Rai in Bengaluru; Editing by Savio D’Souza

http://feeds.reuters.com/~r/reuters/businessNews/~3/q-pjWpuZHcA/dish-network-profit-surges-on-u-s-tax-law-boost-idUSKCN1G519K

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