Shares in DirecTV Group Inc. lost more than 2 percent Wednesday after the satellite TV provider missed analysts’ expectations.

Net income rose 43 percent, less than expected as subscriber growth slowed.

DirecTV reported net income rose to $336 million (27 cents per share), a 43 percent increase from $235 million (17 cents) from the same period a year earlier, missing Wall Street’s expectations of 30 cents per share, according to a poll conducted by Thomson Financial.

Revenues for the El Segundo-based satellite TV provider were up 15 percent to$3.9 billion, slightly ahead of analysts’ estimates.

DirecTV also said that subscriber additions fell to 8 percent to 235,000 as the nation’s largest satellite TV provider struggled to compete with cable-TV companies offering bundled packages of video, phone and high-speed Internet.

Shares in DirecTV fell 62 cents, or 2.5 percent, to $23.76 in afternoon trading Wednesday on the New York Stock Exchange.