DirecTV tops 3Q net income and revenue expectations

DirecTV (DTV) on Thursday reported earnings of $611 million in its third quarter.

The El Segundo, California-based company said it had profit of $1.21 per share. Earnings, adjusted for non-recurring costs, came to $1.33 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The provider of satellite TV services posted revenue of $8.37 billion in the period, also surpassing Street forecasts. Analysts expected $8.31 billion, according to Zacks.

DirecTV shares have risen 27 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9.5 percent. The stock has risen 38 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. DTV stock research report from Zacks.


Keywords:DirecTV,Earnings Report