DirecTV Group Posts 5% Drop In Profit

By: Associated Press
By: Associated Press

EL SEGUNDO, Calif. (AP) -- DirecTV Group Inc. says fourth-quarter profit fell 5 percent on higher customer acquisition costs and interest expense.

The El Segundo, Calif. company earned $332 million, or 32 cents per share, down from $348 million, or 30 cents per share in the year-ago period. Stock buybacks helped boost the most recent quarter's per-share results.

Analysts expected profit of 33 cents per share, on revenue of $5.32 billion, according to Thomson Reuters.

Sales climbed 9 percent to $5.31 billion.

Englewood, Colo.-based Liberty Media Corp. owns 52 percent of the outstanding common stock of DirecTV Group.

Liberty chairman John Malone is also chairman of the DirecTV Group Board of Directors.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 39389037 - kktv.com/a?a=39389037
Gray Television, Inc.