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DirecTV tops 3Q net income and revenue expectations

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EL SEGUNDO, California — DirecTV (DTV) on Thursday reported earnings of $611 million in its third quarter.

The El Segundo, California-based company said it had profit of $1.21 per share. Earnings, adjusted for non-recurring costs, came to $1.33 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The provider of satellite TV services posted revenue of $8.37 billion in the period, also surpassing Street forecasts. Analysts expected $8.31 billion, according to Zacks.

DirecTV shares have risen 27 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9.5 percent. The stock has risen 38 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. DTV stock research report from Zacks.

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Keywords:DirecTV,Earnings Report

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