Today, DirecTV Group released its third quarter earnings to the public. To the disappointment of investors, they posted flat earnings due to higher subscriber acquisition costs as well as sluggish subscriber gains. With stronger competition from DISH Network and others and increased disconnects, DirecTV fell short of their projections. Their quarterly profit edged up 1% to $366 million despite a decent revenue gain of 10% to nearly $5.5 billion.
Topics: General |
