The DIRECTV Group, Inc. Earnings: Revenue Grows By Double-Digits For Fifth Straight Quarter

S&P 500 (NYSE:SPY) component The DIRECTV Group, Inc. (NASDAQ:DTV) reported its results for the third quarter. DIRECTV acquires and distributes digital entertainment programming in the U.S. and Latin America. .

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The DIRECTV Group Earnings Cheat Sheet for the Third Quarter

Results: Net income for the catv systems company rose to $516 million (70 cents per share) vs. $479 million (55 cents per share) in the same quarter a year earlier. This marks a rise of 7.7% from the year earlier quarter.

Revenue: Rose 13.6% to $6.84 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: DTV fell short of the mean analyst estimate of 73 cents per share. Analysts were expecting revenue of $6.74 billion.

Quoting Management: “Third quarter net additions soared to an all-time record high of 1.14 million–or 901 thousand excluding Sky Mexico–as the strength of DIRECTV’s brands and unparalleled video experience fueled the largest net subscriber gain in DIRECTV’s history,” said Mike White, president and CEO of DIRECTV. “This tremendous growth came throughout the Americas, as DIRECTV Latin America generated its best quarter ever with 574 thousand net additions while DIRECTV U.S. had its biggest third quarter in seven years with 327 thousand new subscribers.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 12%, with the biggest boost coming in the most recent quarter when revenue rose 13.6% from the year earlier quarter.

The company fell short of forecasts after beating estimates in the previous two quarters. In the second quarter, it topped the mark by 6 cents, and in the first quarter, it was ahead by 11 cents.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from 89 cents a share to 87 cents over the last thirty days. The average estimate for the fiscal year is $3.36 per share, a rise from $3.29 ninety days ago.

Competitors to Watch: DISH Network Corp. (NASDAQ:DISH), Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Grupo Televisa, S.A. (NYSE:TV), Cablevision Systems Corp. (NYSE:CVC), Hughes Communications Inc. (NASDAQ:HUGH), Fisher Communications, Inc. (NASDAQ:FSCI), Liberty Global Inc. (NASDAQ:LBTYA), and Mediacom Communications Corp. (NASDAQ:MCCC).

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(Source: Xignite Financials)