Cablevision: DirecTV’s stock will drop 1% in second quarter

Directv’s stock is set to drop 1 percent in the second quarter after the company reported disappointing fourth-quarter results that were largely blamed on subscriber declines.DVR subscription revenues fell 5.4% in the quarter, to $7.1 billion, according to the company’s fourth-year fiscal results released Friday.Analysts polled by FactSet expected earnings per share of $1.09.That’s below …