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DirecTV Earnings Rise

Submitted by Todd Sullivan on Thu, 11/06/2008 - 11:36.
in
Directv

DirectTv (NASDAQ:DTV) is stealing customers from cable.

DirecTV Group (NASDAQ:DTV) said Thursday that third-quarter earnings were $368 million, or 33 cents a share, compared to $319 million, or 27 cents a share, in the same period a year ago. Revenue was $4.98 billion compared to $4.33 billion. Analysts polled by FactSet Research estimated, on average, earnings per share of 47 cents and sales of $4.80 billion.

This is a play on HDTV. DTV has the most HD channels for consumers and also has the NFL package. They have expanded the package with channels that include player tracking, red zone alerts and the ability to watch 8 games at once. With consumers cutting back on travel plans, they will spend more at home and DT will be the direct beneficiary.

Cable companies like Comcast (NASDAQ:CMCSA) and AOL (NYSE:AOL) ust cannot beat the oferrings of DirecTV.

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