DirecTV Tops Analysts’ Profit Estimates as New Customers Sign Up
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DirecTV’s year-end price increases and customer signups helped profit exceed analysts’ estimates, while investors look ahead to U.S. approval of AT&T Inc.’s takeover of the country’s largest satellite-TV service.
Fourth-quarter earnings of $1.53 a share beat the average analyst estimate of $1.41, according to data compiled by Bloomberg. DirecTV signed up 149,000 U.S. subscribers, while adding 118,000 users in Latin America, the El Segundo, California-based company said Thursday in a statement.