Dish stock drops as revenue falls by more than expected

Dish Network Corp. shares DISH were down nearly 2% in Monday’s premarket action as the telecommunications company posted a larger revenue decline for the first quarter than analysts were anticipating. The company recorded net income of $223 million, or 35 cents a share, down from $433 million, or 68 cents a share, in the year-earlier quarter. Analysts tracked by FactSet expected 35 cents in earnings per share. Dish’s revenue fell to $3.96 billion from $4.33 billion, while analysts were modeling $4.06 billion. The company saw a net decrease of 552,000 pay-TV subscribers in the first quarter. It finished the period with…