DISH Network DISH reported second-quarter 2019 earnings of 60 cents per share that missed the Zacks Consensus Estimate by 6 cents and declined 27.7% year over year.Revenues declined 7.2% year over year to $3.21 billion but surpassed the consensus mark of $3.14 billion.The United States revenues declined 7.3% year over year to $3.20 billion. Canada and Mexico revenues increased 7.3% from the year-ago quarter to $10.8 million.DISH exited the reported quarter with 9.560 million DISH TV and 2.472 million Sling TV subscribers. Total Pay-TV subscribers were 12.032 million.DISH Network Corporation Price, Consensus and EPS Surprise DISH Network Corporation price-consensus-eps-surprise-chart | DISH Network Corporation QuoteWireless DetailsOn Jul 26, 2019, DISH announced that it will enter the U.S. wireless market as the fourth, nationwide, facilities-based network competitor.The company has inked agreements with the Antitrust Division of the U.S. Department of Justice (DOJ), T-Mobile U.S., Inc. and Sprint Corporation to complete this transaction.Moreover, per the latest agreement, Jun 14, 2023, is now DISH’s deadline to provide 70% of the nation's population access to its 5G broadband network.Additionally, following completion of the merger between Sprint and T-Mobile, DISH will buy Sprint's prepaid businesses and customers, including Boost Mobile, Virgin Mobile and the Sprint-branded prepaid service.The company will also acquire 14 MHz of Sprint's nationwide 800 MHz spectrum.Segment DetailsSubscriber-related revenues (98.5% of revenues) declined 7.5% from the year-ago quarter to $3.16 billion. Equipment sales and other revenues increased 10% to $39.4 million.Pay-TV video and related revenues fell 7% to $3.12 billion. Broadband revenues plunged 32.5% year over year to $45.5 million.Pay-TV ARPU increased 0.9% year over year to $86.34, driven by DISH TV programming package price increases in 2018 and the first quarter of 2019, and higher revenues from advertising services.Pay-TV subscribers declined approximately 31K compared with 151K subscribers lost in the year-ago quarter. Moreover, the churn rate was 1.48% compared with 1.46% in the year-ago quarter.DISH added approximately 48,000 net Sling TV subscribers compared with roughly 41,000 added in the year-ago quarter. This increase was primarily driven by higher Sling TV subscriber activations.Operating DetailsIn the second quarter, subscriber-related expenses declined 7.3% year over year to $2 billion. As percentage of revenues, subscriber-related expenses decreased 10 basis points (bps) on a year-over-year basis to 62.3%.Total subscriber acquisition costs (SACs) increased 29.9% from the year-ago quarter to $238.1 million. As percentage of revenues, SACs expanded 210 bps to 7.4%.DISH TV SAC was $786, up 3% year over year primarily due to increase in advertising and hardware costs.EBITDA decreased 24.9% year over year to $559.7 million. EBITDA margin contracted 410 bps on a year-over-year basis to 17.4%.Operating income fell 24.8% year over year to $430.7 million. Operating margin contracted 310 bps to 13.4%.Balance SheetAs of Jun 30, 2019, cash, cash equivalents and current marketable investment securities were $2.73 billion compared with $2.39 billion as of Mar 31, 2019.Zacks Rank and Stocks to ConsiderDISH currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader consumer discretionary sector are Electronic Arts EA, Liberty Global LBTYA and Lionsgate LGF.A, each carrying a Zacks #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.While EA is set to report on Jul 30, Liberty Global and Lionsgate are scheduled to report on Aug 7 and 8, respectively.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Liberty Global PLC (LBTYA): Free Stock Analysis Report DISH Network Corporation (DISH): Free Stock Analysis Report Lions Gate Entertainment Corp. (LGF.A): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research