"Excluding one-time costs, DirecTV’s profit was $1.43, topping the $1.09 average estimate of analysts compiled by Bloomberg. Sales rose 7.6 percent to $7.58 billion, the El Segundo, California-based company said today in a statement, beating the average analyst estimate of $7.52 billion.
DirecTV is counting on its Latin America expansion to fuel growth -- a bet that paid off last quarter. The company added 583,000 customers in the region, beating the 505,000 predicted by analysts. It also added 21,000 U.S. subscribers, better than the 10,000 estimated. That may help reassure investors who have been concerned that growth is sputtering.
“You want to see stabilization in the subscriber counts,” Todd Lowenstein, a portfolio manager at Highmark Capital Management, said before the results were released. Highmark owns about 450,000 DirecTV shares.
DirecTV shares rose as much as 4.4 percent to $60.49 in early trading after the earnings report was released. They had closed at $57.96 yesterday after gaining 16 percent this year."