DirecTV Q3 Profit Down - Quick Facts

(RTTNews) - DirecTV (DTV) reported that its third-quarter net income attributable to the company declined to $611 million from the prior year's $699 million, with earnings per share decreasing to $1.21 from $1.28 last year.

Third quarter adjusted net income attributable to the company declined to $673 million, as the higher adjusted operating profit was more than offset by the impact of the favorable ECAD settlement in the prior year period. Adjusted earnings per share grew 4% to $1.33 in the quarter due to the impact of share repurchases made prior to the announcement of the pending transaction with AT&T. Analysts polled by Thomson Reuters expected the company to report earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew to $8.374 billion from $7.880 billion in the prior year. Wall Street analysts had a consensus revenue estimate of $8.30 billion.

Directv's third quarter revenues increased 6% to $8.37 billion principally due to strong ARPU growth at Directv U.S. as well as subscriber growth at Directv Latin America (DTVLA) over the last twelve months. These increases were partially offset by lower ARPU at DTVLA due to unfavorable changes in exchange rates.