DirecTV, the largest U.S. satellite- television provider, saw its shares fall the most in more than 10 months after slower gains in Latin American hurt third-quarter profit.
DirecTV added 543,000 net subscribers in Latin America, fewer than the 585,000 estimate from nine analysts surveyed by Bloomberg. Net income attributable to DirecTV rose to $565 million from $516 million a year earlier. Dish Network also reported its results Tuesday. The company lost 19,000 net subscribers in the quarter, a smaller decline than the average analyst estimate of 36,000.
Dish reported a surprise net loss of $158.5 million. Dish recorded litigation-related expenses.