DirecTV Crushes Earnings

Excellent news today for DirecTV ($DTV). The company absolutely demolished its earnings report. For Q1, DTV earned $1.43 per share which was 33 cents better than Wall Street’s forecast. The earnings were higher than all 18 forecasts made by analysts on Wall Street. Revenues rose 7.6% to $7.58 billion which was $50 million better than estimates.

Once again, Latin America was the key to DTV’s success. Subscriber count grew by 583,000 in that region and there are now 16 million subscribers in Latin America. They’re not doing so badly in North America either. DTV added 21,000 subscribers in the U.S.

I’ve often highlighted DTV as a company that does share repurchases right. Last quarter, they bought back $1.38 billion worth of their shares. The stock closed yesterday at $57.96. It’s been as high as $61.50 this morning, which is a 6.1% gain. Right now, it’s hanging in at $60.36, which is a 4.1% gain.

Posted by on May 7th, 2013 at 9:58 am

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