The DIRECTV Group Announces Third Quarter 2006 Results

  • Thread starter dfergie
  • Start date
  • Replies 0
  • Views 957
Status
Please reply by conversation.
dfergie

dfergie

Thread Starter
Proud Staff Member
Staff member
HERE TO HELP YOU!
The DIRECTV Group Announces Third Quarter 2006 ResultsDIRECTV U.S. Revenues Increase 12% to $3.4 Billion and Operating Profit before Depreciation and Amortization More than Doubles to $823 Million
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Nov. 8, 2006--The DIRECTV Group, Inc. (NYSE:DTV) today reported that third quarter revenues increased 13% to $3.67 billion and operating profit before depreciation and amortization(1) more than doubled to $894 million compared to last year's third quarter. The DIRECTV Group reported that third quarter 2006 operating profit quadrupled and net income more than tripled to $628 million and $370 million, respectively, when compared to the same period last year. Earnings per share were $0.30 compared with $0.07 in the same period last year. These financial results include the effect of $325 million of equipment that DIRECTV U.S. capitalized during the third quarter under its lease program, which was implemented March 1, 2006.
"Third quarter results provide an accurate snapshot of the benefits gained from our principal goal to grow DIRECTV profitably with a particular focus on higher quality subscriber growth. Highlights for DIRECTV U.S. included a 12% increase in revenues to $3.40 billion, a more than doubling of operating profit before depreciation and amortization to $823 million and a 31% increase in cash flow before interest and taxes to $416 million," said Chase Carey, president and CEO of The DIRECTV Group, Inc.

The rest of the release from DIRECTV
 
Status
Please reply by conversation.

Similar threads

DodgerKing
Replies
7
Views
1K
Leafs99
L
Scott Greczkowski
Replies
15
Views
2K
cypherstream
C
dfergie
Replies
3
Views
836
chances14
chances14

Users Who Are Viewing This Thread (Total: 0, Members: 0, Guests: 0)

Latest posts

Top