EL SEGUNDO, California — DirecTV (DTV) on Thursday reported fourth-quarter earnings of $778 million.
On a per-share basis, the El Segundo, California-based company said it had net income of $1.53.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The provider of satellite TV services posted revenue of $8.92 billion in the period, also topping Street forecasts. Analysts expected $8.91 billion, according to Zacks.
DirecTV shares have increased almost 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. The stock has risen 21 percent in the last 12 months.
Keywords: DirecTV, Earnings Report
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