DirecTV Q2 Profit Rises; Results Beat Estimates - Quick Facts

(RTTNews) - DirecTV (DTV) reported that its second quarter net income attributable to the company increased 22% to $806 million from the previous year's $660 million, due to the higher reported operating profit, as well as favorable changes on the "Other, net" line of the Consolidated Statements of Operations.

"Other, net" was impacted by a $44 million improvement in foreign currency translation at Sky Brasil and a $59 million non-cash pre-tax charge in the second quarter of 2013 due to the deconsolidation of DSN Northwest.

Reported earnings per share grew 35% to $1.59 from last year's $1.18 due to the higher adjusted net income attributable to Directv and the impact of share repurchases. Analysts polled by Thomson Reuters expected the company to report earnings of $1.53 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues increased 5% to $8.11 billion from last year's $7.70 billion, principally due to strong ARPU growth at Directv U.S. as well as subscriber growth at Directv Latin America (DTVLA) and Directv U.S. over the last twelve months. These increases were partially offset by lower ARPU at DTVLA due to unfavorable changes in exchange rates. Wall Street analysts had a consensus revenue estimate of $8.02 billion for the quarter.