DirecTV Earnings Drop 2%
(AP) - El Segundo-based satellite TV operator DirecTV Group says higher interest payments on its debt sent fourth-quarter earnings down 2%.
The company earned $348 million in the quarter, compared with $356 million at the same time a year ago.
Per-share income amounted to 30 cents, a penny better than analysts' estimates.
DirecTV is the largest satellite television provider in the country, ahead of Englewood (Colorado)-based Dish Network.
DirecTV has a customer support hub in Greenwood Village, and Liberty Media Corporation of Englewood is trying to acquire a 39% stake in DirecTV.
The company's revenue rose 17% to $4.88 billion, exceeding Wall Street's estimate.
DirecTV says it has 16.8 million subscribers.