Merger Charges Hit DirecTV in Q4 (DTV)

DirecTV (NASDAQ: DTV) showed massive Q4 losses. According to the company, the quarterly loss was mainly due to charges related to its merger with Liberty entertainment. DirecTV (DTV) also announced a $3.5 billion stock buyback authorization.

The company took a $32 million loss in the fourth quarter. However, its revenue increased from $5.31 billion to $5.98 billion. It beat the street estimates of $5.93 billion in revenue. The company’s subscriber base showed 5 percent increase and rose to 964,000. Its subscriber cancellations rate increased from 1.42% to 1.52%.