Dish Network 1Q net income drops 26 percent

NEW YORK (AP) - Dish Network says its first-quarter net income fell 26 percent even as it gained new subscribers with promotions and the results topped Wall Street's expectations.

The nation's second-biggest satellite TV provider earned $230.9 million, or 52 cents per share, for the period ended March 31.

Revenue rose 5 percent to $3.06 billion, but expenses rose as well.

Analysts forecast a profit of 50 cents per share on revenue of $3.05 billion.

Dish Network Corp. added approximately 237,000 new net subscribers in the quarter. The Englewood, Colo., company has now increased its customer count for four quarters in a row.