UPDATE: DirecTV Reports Rise In Q2 Profit

DirecTV Group DTV reported a rise in its profit rose for the second quarter. DirecTV's quarterly net income climbed to $701 million, or $0.91 per share, up from $543 million, or $0.42 per share, in the year-ago period. Its revenue surged to $6.6 billion, versus analysts' estimates of $6.5 billion. DirecTV added 26,000 US subscribers in the quarter. DirecTV shares dropped 0.95% to $49.00 in pre-market trading.