Please ensure Javascript is enabled for purposes of website accessibility

DirecTV Beats on Q4 EPS; $3.5 Billion Share Buyback Launched

By Eric Volkman – Feb 20, 2014 at 7:02PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

DirecTV's quarterly net easily exceeds estimates.

DirecTV (DTV.DL) is reporting a better-than-expected Q4. In its quarterly and fiscal 2013 results released today, the company said it took in $8.6 billion in revenues for the quarter, up from the $8.0 billion in the same period the previous year. Attributable net income was $810 million ($1.53 per diluted share), a drop from the $942 million ($1.55) of Q4 2012. On average, analysts had been expecting $8.5 billion in revenues and EPS of $1.30 for the quarter.

For the full year, DirecTV's top line was $31.8 billion, against the year-ago figure of $29.7 billion. Net profit slumped to $2.86 billion ($5.17 per diluted share), from 2012's $2.95 billion ($4.58).

The company also announced the start of a share repurchase program for up to $3.5 billion worth of its stock. It said the initiative "reflects our strong balance sheet and confidence in continued strong DIRECTV revenue, earnings and free cash flow growth, as well as our belief that our stock is far below our intrinsic value."

Eric Volkman has no position in DirecTV. The Motley Fool recommends DirecTV. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

DIRECTV, LLC Stock Quote
DIRECTV, LLC
DTV.DL

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.