DirecTV shows us the money

DirecTV, traded under the NYSE stock symbol DTV reported earning before the opening bell this morning. Lets take a look at how much cash this satellite tv company brought in during the last quarter.

The good new for DirecTV was the large increase in revenue. It increased to $4.33 billion from $3.67 billion in the year-ago quarter. So basically the company brought in an additional $660 million dollars this quarter versus last years quarter. Not too shabby there.

The bad news however, was that net income decreased from year ago numbers. Net income fell 14 percent to $319 million, or 27 cents per share, from $370 million, or 30 cents per share, in the same quarter last year. Higher programming costs, which include new HDTV channel deployment, as well as the costs required to provide subscibers with HDTV equipment were the cause of the lower net income numbers.

Still, Wall Street seemed satisfied with the results. Mid-morining, shares of DTV were trading up about $1 near 27, while the rest of the stock market was selling off.
DirecTV continues to lead in two specific areas, Latin America and sports programming. Revenue at the company’s Latin American business unit jumped 67 percent to $442 million, compared with $264 million in the year-ago quarter.
The NFL Sunday ticket package continues to be a must have item for big NFL fans, helping drive revenue once again in the third quarter.