UPDATE: DirecTV Q3 Profit Rises 24%

DirecTV DTV reported a 24% rise in its third-quarter profit. DirecTV's quarterly profit surged to $699 million, or $1.28 per share, from $565 million, or $0.90 per share, in the year-earlier period. Its revenue climbed 6.3% to $7.88 billion. However, analysts were expecting earnings of $1.01 per share on revenue of $7.84 billion. DirecTV shares closed at $64.37 yesterday.