DirecTV Posts Big Jump in Second-Quarter Net Income

Aug 4, 2011  •  Post A Comment

DirecTV, the country’s No. 1 satellite company, posted a big rise in net income for the second quarter, Deadline.com reports.

The company’s net income of $701 million was up 29% from a year earlier on revenues of $6.6 billion, which represented a 12.9% increase.

Earnings per share were 91 cents, beating analysts’ forecasts of 85 cents per share.

DirecTV pointed to an increase of 4% in subscriptions, ending June with 19.4 million subscribers. Subs in Latin America were a growth area, reaching 6.7 million, up 28% from a year ago.

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