DirecTV Scores In Latin America During World Cup

Digital television entertainment provider DirecTV on Thursday reported a 33% surge in profit for the second quarter, buoyed by double-digit revenue growth and better margins. The company enjoyed significant growth in Latin America, thanks in part to demand for World Cup coverage. Adjusted earnings matched analysts’ consensus estimate, while revenues topped their expectations. The company also said its board approved an additional $2 billion stock repurchase program.