EL SEGUNDO, Calif. (AP) — DirecTV Group's third-quarter net income was about flat from a year ago, as higher costs offset a 10 percent increase in revenue.
The nation's largest satellite TV provider added more new customers in the U.S. and Latin America, with many signing up for its high-definition TV packages and leased its digital video recorders. But it spent more money to attract them, hurting the bottom line.
DirecTV earned $366 million, or 37 cents per share, compared with $363 million, or 33 cents per share, in the same quarter a year ago.
Revenue rose to $5.47 billion from $4.98 billion at the satellite TV operator, which is based in El Segundo, Calif.
Analysts expected earnings of 39 cents per share on revenue of $5.42 billion, according to a Thomson Reuters survey.
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