DirecTV’s Profit Trails Estimates After Latin America Slowdown
This article is for subscribers only.
DirecTV, the largest U.S. satellite-television provider, reported third-quarter profit that trailed estimates after Latin American subscriber additions failed to meet analyst projections.
Net income attributable to DirecTV rose to $565 million, or 90 cents a share, from $516 million, or 70 cents, a year earlier, the El Segundo, California-based company said today in a statement. Analysts had estimated 92 cents on average, according to data compiled by Bloomberg. Sales rose 8.4 percent to $7.4 billion, in line with the average analyst estimate.