DirecTV stock rose Tuesday after revenues climbed and beat expectations, but profit fell because of a Venezuelan currency devaulation.
DirecTV announced an increase in first quarter 2013 revenues of 8 percent to $7.58 billion, beating analysts expectations of $7.5 billion, according to Thomson Reuters I/B/E/S.
Net income attributable to DirecTV was $690 million, or $1.20 per share, compared with $731 million, or $1.07 per share, a year ago.
The company's profits were hit by a $166 million pre-tax charge because the company's subsidiary in Venezuela lost assets when the country's currency was devalued in February.
The nation's top satellite company added 604,000 net subscribers, and 583,000 in Latin...