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Earnings Roundup / Directv Group

Sales jump 9.7%, beating estimates

November 06, 2009|Times Staff and Wire Reports

DirecTV Group Inc., the largest U.S. satellite-television provider, posted third-quarter sales that beat analysts' estimates, helped by demand for its high-definition and digital-video-recording services.

Revenue jumped 9.7% to $5.47 billion, the El Segundo company said. That beat the $5.4-billion average estimate of analysts in a Bloomberg survey. The company gained 136,000 U.S. subscribers.

More people bought and kept DirecTV's exclusive programming and premium products, such as the NFL Sunday Ticket, HD and DVR services. DirecTV has tightened credit requirements to add customers who are less likely to cancel their service because they can't afford it, and who are more likely to subscribe to premium programming.

Net income increased to $366 million, or 37 cents a share, from $363 million, or 33 cents, a year earlier. Analysts projected 39 cents on average.

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