UPDATE: DirecTV Posts Downbeat Q2 Profit
DirecTV Group (NASDAQ: DTV) reported a 7.2% drop in its second-quarter earnings.
DirecTV's quarterly profit fell to $660 million, or $1.18 per share, from $711 million, or $1.09 per share, in the year-earlier period.
Its revenue rose 6.6% to $7.7 billion. However, analysts were expecting earnings of $1.33 per share on revenue of $7.75 billion.
DirecTV added a net 165,000 subscribers in Latin America, versus an addition of 645,000 subscribers in the year-ago period.
DirecTV shares fell 3.60% to $61.00 in pre-market trading.
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