DirecTV Earnings Miss

We had one disappointment today with DirecTV ($DTV). For the second quarter, DTV earned $1.18 per share which was 16 cents below expectations. Revenues rose 6.6% to $7.7 billion which was slightly below forecasts.

The big problem for the satellite-TV company was Latin America. Analysts were expecting the Latam subscriber count to rise by more than 420,000. Instead, it rose by just 165,000. To put this into context, last year, DTV added 645,000 new subscribers in that region. The company said that macroeconomic conditions were partly to blame, especially in Brazil. In the U.S., subscriber count fell by 84,000.

The stock is currently down about 3% today

Posted by on August 1st, 2013 at 11:19 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: