Originally published at www.seclive.com
Filing in Focus: DIRECTV 8-K, November 5, 2013
DIRECTV (NYSE:DTV) announced its third fiscal quarter 2013 financial results, reporting revenues that increased 6% to $7.88B. The company gained a net total of 139,000 subscribers while also adding 260,000 net new customers in Latin America. Profits increased 24% from $565M to $699M while earnings per share jumped from $0.90 per share to $1.28 per share. The company's performance edged out analyst expectations, which were expecting $1.01 earnings per share on $7.84B revenue. Latin America continues to be a market the company is focused on to help drive growth, with revenue in that region improving 5.4% to $1.66B. President and CEO Mike White commented that the company's diverse portfolio is what helped it achieve another solid quarter despite varying economic factors.
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