Is DirecTV Poised to Rise Post-Earnings?
T = Trends for a Stock’s Movement
DirecTV provides digital television entertainment in the United States and Latin America. The company engages in acquiring, promoting, selling, and distributing digital entertainment programming primarily through satellite to residential and commercial subscribers. A rising number of consumers are opting for satellite services due to the reduced costs and increased coverage offered. DirecTV is poised to capitalize on the increased entertainment demand from consumers in the United States and Latin America.
Recently, DirecTV posted earnings and revenues figures that missed Wall Street’s expectations. The revenue miss is a negative sign to shareholders seeking high growth out of the company. “Our second quarter consolidated results highlight the benefits of our diversified portfolio of businesses as DirecTV, the world’s largest pay-TV company, grew its subscriber base to nearly 37 million customers,” said Mike White, president and CEO of DirecTV.