El Segundo satellite television giant DirecTV reported strong revenue in the third quarter, offset by lower net income due to negative foreign-exchange rates in countries such as Argentina and Venezuela.
DirecTV reported net income of $611 billion ($1.21 a share) in the quarter ended Sept. 30, a 13 percent decrease from the same period a year earlier. Revenue rose 6 percent to $8.37 billion. Analysts had expected higher earnings of $1.29 a share, but slightly lower revenue of $8.3 billion.
DirecTV’s earnings were announced as it awaits regulatory approval for its pending sale to AT&T Inc.
Results were posted before markets opened on Thursday. Shares fell 34 cents, or less than 1 percent, in Thursday trading to close at $87.48.
