DIRECTV (DTV), one of the largest U.S. satellite TV operators, provides satellite-delivered digital television, video and broadband services.
DIRECTV currently carries a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. The company has generated a positive average earnings surprise of 9.99% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DIRECTV beats fourth quarter earnings. The company reported earnings per share of $1.53, beating the Zacks Consensus Estimate of $1.39.
Revenue: DIRECTV generated total revenue of $8,922 million, above the Zacks Consensus Estimate of $8,908 million.
Key Stats to Note: In the fourth quarter of 2014, DIRECTV U.S. generated revenue of $7,136 million, up 5.4% year over year. Average monthly subscriber churn rate in the reported quarter was 1.37% as compared with 1.41% in the year-ago quarter. Quarterly net subscriber additions were 149,000 compared with addition of 93,000 in the year-ago quarter.
Stock Price: DTV shares were up almost 1.0%. Clearly, the initial reaction to the release is positive.
Check back later for our full write up on this DIRECTV earnings report later!
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