May 7 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
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