DirecTV's fourth-quarter profit, revenue rises
Feb 14 (Reuters) - Satellite TV provider DirecTV on Thursday said its profit and revenue rose in the fourth quarter after it added 103,000 net subscribers.
Net income attributable to DirecTV rose to $942 million, or $1.55 per share, compared with $718 million, or $1.02 per share a year ago.
Revenue rose 8 percent to $8.05 billion. Analysts were expecting $8.02 billion, according to Thomson Reuters I/B/E/S.
In the United States, it added 103,000 net subscribers. In Latin America, the greatest driver of its business, it added 658,000 NET subscribers.
The company also authorized a new $4 billion stock repurchase program.
In December, DirecTV Group said its service fees will rise an average 4.5 percent in February due to increasing programming costs.