Daily Markets - DIRECTV Beats Zacks Estimates
Daily Markets - DIRECTV Beats Zacks Estimates |
| Posted: 05 Aug 2010 07:05 AM PDT DIRECTV (NASDAQ:DTV) today declared excellent financial results for its second quarter 2010. Supported by double-digit revenue and significant margin expansion, both top-line and bottom-line outperformed the Zacks Consensus Estimates. During the reported quarter, the company has started two new services: viz and Whole Home DVR, as well as a bundle offering of three dedicated 3D channels. Second quarter 2010 revenue of $5,848 million was an improvement of 12% year-over-year and well above the Zacks … [visit site to read more]
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| Posted: 05 Aug 2010 07:05 AM PDT Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported second quarter 2010 FFO (funds from operations) of $204.8 million or $1.11 per share, versus $93.5 million or $0.54 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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