Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

DirecTV adds fewer U.S. subscribers in first-quarter

[May 06, 2014]  (Reuters) — DirecTV <DTV.O>, the No.1 U.S. satellite TV provider, reported fewer net customer additions in the United States in the first quarter due to a rise in disconnections.

Net income attributable to the company fell to $561 million, or $1.09 per share, in the quarter ended March 31 from $690 million, or $1.20 per share, a year earlier.

Revenue rose 4 percent to $7.86 billion, just short of the average analyst estimate of $7.91 billion.

U.S. net subscriber additions fell to 12,000. Analysts were expecting net additions of 14,000, according to market research firm StreetAccount.

(Reporting by Liana Baker and Soham Chatterjee; Editing by Ted Kerr)

[© 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.