DirecTV combined a growing subscriber base with an increase in subscriber rates to produce sterling Q3 earnings. Net income for America’s biggest satellite-television provider climbed 24 percent to $699 million, or $1.28 per share, up from $565 million, or 90 cents per share for the same quarter of 2012. Analysts had predicted earnings of just a buck a share, so when DirecTV beat estimates by 28 percent, the performance came as quite a surprise. Even more surprising for investors is that shares have slid today on that news, after having gained 28 percent year to date.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: