DirecTV Earned $1.59 per Share

DirecTV ($DTV) reported another solid quarter. The satellite TV operator earned $1.59 per share for Q2 which was six cents better than esimtates.

Net subscriber disconnections in DirecTV’s U.S. business totaled 34,000, compared with 84,000 disconnections a year earlier. The total subscriber base was about 20.2 million at the end of the quarter. Revenue in the region rose 5.5% to $6.27 billion.

A sharp increase in subscribers in Latin America, however, helped drive better results. The company added net 543,000 subscribers in Latin America, more than three times the 165,000 subscribers added a year earlier. The company had a total of 12.5 million subscribers in the region and revenue rose 6.1% to $1.79 billion.

The stock isn’t doing much today, and I don’t expect it to move a whole lot. As long as the AT&T merger is expected to go through, DTV will gradually drift higher to the $95 deal price.

Posted by on July 31st, 2014 at 10:30 am

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