DIRECTV posted strong second quarter earnings this morning after some help from the FIFA World Cup that kept fans glued to their television screens. Earnings of $1.59 a share beat estimates by $0.07 and showed a 35% increase from last year's second quarter earnings. Revenues of $8.1 billion were above expectations by $100 million. The growth was attributed to strong subscriber additions in both the US and Latin America along with the 4.6% ARPU growth in the US to a total of $103.26. Mike White, president and CEO of DIRECTV, was optimistic on the new opportunities their merger with ATT would provide to consumers and shareholders. DIRECTV is up 25% for the year. Whalen MacHale reports for TheStreet from New York.
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