DirecTV posts 14 percent earnings gain
The Rocky
Published November 6, 2008 at 10:16 a.m.
Updated November 6, 2008 at 10:16 a.m.
Text size 
NEW YORK — DirecTV Group Inc. said its third-quarter earnings rose 14 percent as capital expenses fell sharply and customers spent more on premium services.
The El Segundo, Calif.-based satellite television operator said net income rose to $363 million, or 33 cents a share, 2 cents short of the average estimate from analysts polled by Thomson Reuters.
Douglas County-based Liberty Media Corp. owns more than 50 percent of the outstanding shares of DirecTV Group.
DirecTV said revenue rose 15 percent to $4.98 billion, boosted by a 49 percent increase in Latin America to $658 million.
U.S. customers paid more for services such as digital video recorders and high-definition channels, helping domestic revenue rise 6.1 percent.
Featured
-
DNC in Denver
Complete coverage of the 2008 Democratic National Convention.
-
The Crevasse
A five-part series that examines one tragic day on Mount Rainier.
-
Deadly denial
Sick nuclear workers applied for government compensation but most haven't seen a dime.
-
Final Salute
The Rocky followed Maj. Steve Beck as he took on the most difficult duty of his career.
-
'Colorado's burning'
Coverage of the state's worst wildfires.
-
Columbine shootings
Coverage of the April 20, 1999, shootings at Littleton's Columbine High School.
-
The Crossing
Colorado's deadliest traffic accident killed 20 children on Dec. 14, 1961.
-
Osveli's journey
Osveli Sales left Guatemala for a better life. Two months later, he came home in a box.
-
Wake for an Indian warrior
Oglala Sioux bestow a tribute to the first tribal fatality in Iraq.
