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 imageCrude Rebound

Since the price of crude oil broke below $90 per barrel in September, the Brent global benchmark has been read on...

article imageShould You Invest In The Hottest New Trend In Finance?

Thanks to major changes in regulation, social media and technology, the business of banking has undergone read on...

article imageStrong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from read on...

article imageIs The Weak Housing Market A Warning Sign For The US Economy?

Today’s US economic releases – housing starts and business survey data for the manufacturing sector – 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.