UPDATE: DirecTV Posts Upbeat Q4 Profit

DirecTV

reported a drop in its fourth-quarter profit. DirecTV's quarterly net income slipped to $810 million, or $1.53 per share, versus a year-ago profit of $942 million, or $1.55 per share. Its revenue climbed 7% to $8.59 billion. However, analysts were estimating earnings of $1.28 per share on revenue of $8.47 billion. DirecTV shares gained 1.29% to $74.00 in pre-market trading.