DirecTV's Q1 earnings falls after Venezuela currency hit
May 7 (Reuters) - Satellite TV provider DirecTV said on Tuesday that first-quarter net income fell after a $166 million charge related to a Venezuelan currency devaluation in February.
Net income attributable to DirecTV was $690 million, or $1.20 per share, compared with $731 million, or $1.07 per share, a year ago.
Revenue rose 8 percent to $7.58 billion. Analysts expected revenue of $7.5 billion, according to Thomson Reuters I/B/E/S.
In the United States, it added 21,000 net subscribers. Wall Street expected an addition of 25,000 net subscribers, on average, according to StreetAccount.
In Latin America, the greatest driver of its business, it added 583,000 subscribers, while StreetAccount looked for 519,000 subscribers.
- Malaysia plane search straddles continent as police focus on crew |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- Crimea asks to join Russia after Soviet-style vote |
- Stocks near one-month low as western sanctions on Russia loom |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister