logo
  Join        Login             Stock Quote

DIRECTV (DTV) Posts Better Than Expected Q4 Amid Drop In U.S. Subscriber Additions

 February 14, 2013 08:15 AM
 


(By Balaseshan) DIRECTV (NASDAQ: DTV), a provider of direct-to-home (DTH) digital television services, reported higher quarterly earnings and revenue amid a drop in net subscriber additions at its U.S. segment. Shares gained 2.59 percent in premarket on Thursday.

Net income attributable to DIRECTV increased to $942 million or $1.55 per share from $718 million or $1.02 per share in the year-ago quarter. Wall Street analysts, on average, expected earnings of $1.13 per share for the fourth quarter.

Revenue rose 8 percent to $8.05 billion, beating consensus estimate of $8.03 billion, driven by subscriber growth at DIRECTV Latin America (DTVLA) and DIRECTV U.S., as well as higher ARPU at DIRECTV U.S.

[Related -DIRECTV (NASDAQ:DTV): Tough Road Ahead As Costs, Competition Escalates]

The company's DIRECTV U.S. segment added 103,000 new subscribers in the quarter, down from 125,000 additions in the comparable period of last year due to lower gross subscriber additions. Gross additions fell mainly due to a greater focus on higher quality subscribers and stricter credit policies, the company said.

Average monthly subscriber churn decreased to 1.43 percent from 1.52 percent driven by a greater percentage of subscribers on commitments, auto-bill pay and with advanced equipment, as well as the stricter credit policies on new customers.

At the company's Latin America segment, net subscriber additions were 658,000, up from from 590,000 in the year-ago period.

[Related -Harmonic Inc (HLIT): Profit From The Rise Of Mobile Video With This Stock]

Total expenses increased 8.1 percent to $6.76 billion.

Operating profit margin shrank to 16.1 percent from 16.3 percent.

In addition, the company authorized new $4 billion stock repurchase program.

Shares of the El Segundo, California-based company closed Wednesday's regular session at $51.67. The stock has been trading between $42.87 and $55.17 over the past year.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageGreece And The Cemetery For Your Wealth

The Greek default is merely the opening act of the worst sovereign-debt crisis in history. By the time it read on...

article imageAll Signs Point To Higher Gold Prices

In the face of historic monetary stimulus from nearly every major central bank in the world over the past read on...

article imageThe World's Top Irreplaceable Companies

I still get goose bumps when I recall the first time I saw them read on...

article imageThree Rocket Arc Patterns for Overseas ETFs

When doing ETF scans, I came across three “Rocket Arc” Patterns I wanted to share with read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.