DirecTV Profit Lags Forecasts

DirectTV this morning reported second-quarter net income that fell short of analysts’ estimates, as the El Segundo company posted its first net decrease in U.S. subscribers. Bloomberg News reports that the nation’s largest U.S. satellite-television provider said its profit rose 1.4 percent to $1.09 a share, compared with the Wall Street consensus of $1.14. Shares were down 2 percent in morning trading.