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DirecTV Q3 Profit Nearly Quadruples

Discussion in 'DIRECTV General Discussion' started by Milominderbinder2, Nov 8, 2006.

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  1. Milominderbinder2

    Milominderbinder2 Cutting Edge: ECHELON '08

    Oct 8, 2006
    Wed, Nov. 08, 2006

    EL SEGUNDO, Calif. (AP) --Satellite television broadcaster DirecTV Group Inc. said Wednesday its third-quarter profit nearly quadrupled, driven by higher revenue and a lower rate of customer defection.

    Shares of the company controlled by Rupert Murdoch's News Corp. rose 48 cents, or 2.2 percent, to $22.32 in morning trading on the New York Stock Exchange.

    Its earnings surged to $370 million, or 30 cents per share, in the three months ended Sept. 30, up from $95 million, or 7 cents per share, in the year-ago period.

    Revenue rose 13 percent to $3.67 billion from $3.23 billion last year.

    The results surpassed Wall Street's consensus estimates of 27 cents per share on revenue of $3.61 billion, according to Thomson Financial.

    DirecTV added 165,000 net subscribers at its core U.S. unit in the period. Gross subscriber additions fell 9 percent. Average monthly churn rate, a measurement of the pace of customer defection, edged lower to 1.8 percent from 1.89 percent last year.

    Average monthly revenue per subscriber rose to $72.74 from $68.65. Last year, DirecTV began targeting customers less likely to miss their monthly payments and more likely to purchase extra services such as high definition and pay-per-view broadcasts.


    - Craig
  2. Inkeyes

    Inkeyes Mentor

    Oct 12, 2006
    They won't do this well next quarter if they have to replace 50,000 defective HR20's.
  3. btmoore

    btmoore Hall Of Fame

    Aug 28, 2006
    Maybe they will take some of those profits and hire some management, developers and QA professionals who know what they are doing.
  4. tstarn

    tstarn Banned User

    Sep 30, 2006
    I'm sure that financial information will go a long in making all the people with defective HR20s (or more than one in many cases) feel a lot better.
  5. Earl Bonovich

    Earl Bonovich Lifetime Achiever

    Nov 15, 2005
    I haven't listened to the WebCast yet...

    Where did you get 50,000 defective HR20's ?
  6. killabee361980

    killabee361980 New Member

    Oct 31, 2006
    thats great maybe rupert can pay there tech a little more (rich b@$tard)
  7. killabee361980

    killabee361980 New Member

    Oct 31, 2006
    hire management they cant even hire techs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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