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UPDATE: DirecTV Posts Upbeat Q4 Profit

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DirecTV (NASDAQ: DTV) reported a drop in its fourth-quarter profit.

DirecTV's quarterly net income slipped to $810 million, or $1.53 per share, versus a year-ago profit of $942 million, or $1.55 per share.

Its revenue climbed 7% to $8.59 billion. However, analysts were estimating earnings of $1.28 per share on revenue of $8.47 billion.

DirecTV shares gained 1.29% to $74.00 in pre-market trading.

 

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