Dish Network saw its fourth quarter profit jump 38 percent as it generated more revenue per user. The satellite TV company added subscribers to both its pay-TV and broadband services. Separately, Dish’s CEO strongly denounced the proposed merger between Comcast and Time Warner Cable, saying it will cause a seismic shift in the media business and it will put pressure on everybody in the industry. Shares rose 1.5 percent to $57.92.
Under Armour will keep making uniforms for the U.S. Olympic Speedskating team until 2022, despite recent controversy. Last week, the U.S. Speedskating Federation requested to switch the designer of the team’s Under Armour suits because of the skaters’ poor performance. The athletic gear maker’s CEO said, putting the blame on the company was unfair. Shares rose on news of the deal, up five percent to $112.68.
Hewlett-Packard reversed course after rallying on last night’s upbeat results. The company beat on both the top and bottom lines, showing signs of turnaround progress, but some analysts are concerned HP won’t be able to sustain the momentum. Part of the worry has been a decline in the company’s PC unit, but revenue increased last quarter. Still, the stock fell more than one percent to $29.79.
Starwood Hotels is planning to return more cash to shareholders through dividends and stock buybacks after the company realized $500 million in net cash from a recent project. The parent of Sheraton and Westin hotels will pay investors a new quarterly dividend of 35 cents a shares. The company also issued a special dividend paid over the next four quarters. Shares rose nearly two percent to $80.10.