Multichannel News reports:
DirecTV delivered its best quarterly subscriber growth in three years, adding 301,000 net U.S. subscribers in the last three months of 2008, while net income for the quarter dropped 5%.
Revenue for the quarter ended Dec. 31 was $5.31 billion, up 9% year over year, and earnings per share increased 7% to $0.32 compared with the same period last year.
The satellite operator's 301,000 net adds in the U.S. -- giving it 17.621 million subs at the close of 2008 -- blew past analyst expectations; Sanford Bernstein had projected 214,600 net subscriber additions for the quarter. Analyst consensus estimates were earnings of 34 cents per share, though quarterly revenue was in line with expectations...