The largest U.S. satellite- TV provider DIRECTV (NASDAQ:DTV), announced on Thursday that it has a 31% gain in Q4 profit following adding a record number of Latin American customers and selling an 18% stake in the Game Show Network.
The firm reported in a statement that net income surged to $942M, or $1.55 per share, from $718M, or $1.02, per year earlier. The Game Show Network transaction supported fuel profit with a $111M pretax gain. Sales moved up 7.9% to $8.05B, topping the average anticipates of $8.03B compiled by Bloomberg.
According to people with knowledge of the matter, DirecTV is opposing against a private-equity group proposal for GVT. Mike White, the satellite firm’s CEO, reported previous month the Brazilian firm was a “nice-to-have, not a must-have.”
Shares of DIRECTV (NASDAQ:DTV) opened at $53.30 with 604.13 million outstanding shares and touch its highest price of $53.44 of the day and then finished at $50.21 by scoring -2.83%, as in the whole session stocks gain volume of 12.91 million shares which is higher than its average volume.
As the owner ship concerns stock institutional ownership remained 86.77% while insider ownership included 0.01%. The share capital of DTV has 604.13 million outstanding shares amid them 603.57 million shares have been floated in market.
For investors focus on the performance of the stocks so the DTV showed weekly behind performance of -4.53% which was maintained for the month at -4.82%. Correspondingly the positive performance for the quarter was remained 3.44% and if took notice on yearly performance that was 9.92% whereas the year to date performance halted at 0.10%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the DTV return on investment was recorded as 19.00% as compare to its rivals has Comcast Corporation (NASDAQ:CMCSA)’s ROI 6.01%, Virgin Media Inc. (NASDAQ:VMED)’s ROI 60.27%, Time Warner Cable Inc (NYSE:TWC)’s ROI 4.94%, DISH Network Corp. (NASDAQ:DISH)’s ROI 6.90%.
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