UPDATE 4-DirecTV shares jump after earnings beat, share buyback

jueves 20 de febrero de 2014 17:06 GYT
 

* Fourth-quarter revenue $8.59 bln vs est $8.47 bln

* Attributable earnings $1.53 vs est $1.28

* U.S. net subscriber growth falls 10 pct

* Latin America net subscriber growth drops 65 pct

Feb 20 (Reuters) - Satellite TV provider DirecTV on Thursday reported fourth-quarter results that topped Wall Street estimates with better-than-expected U.S. growth and announced a $3.5 billion share buyback, sending its stock up nearly 3 percent.

The company said it added 93,000 U.S. subscribers for the quarter that ended in December as it focused on "higher quality subscribers" in a mature market. That was nearly 10 percent less than a year earlier, but above analysts' forecasts.

The average monthly revenue per U.S. user rose 6.3 percent to $111.74.

Net income attributable to DirecTV fell to $810 million, or $1.53 per share, from $942 million a year earlier, due in part to a one-time gain in 2013 from the sale of its stake in the Game Show Network.

Revenue rose 7 percent to $8.59 billion. Analysts on average had expected earnings of $1.28 per share on revenue of $8.47 billion, according to Thomson Reuters I/B/E/S.   Continuación...