DirecTV profit up after Q1 loss last year

Earnings Brief

Satellite giant DirecTV is raking in coin, drawing a $235 million profit in the first quarter after losing $41 million in the comparable period a year ago.

Company also spiked revenue 8% to $3.4 billion.

Growth was attributed to subscriber gains; satcaster now has 15.39 million subs — 7% more than a year earlier.

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