James_F
10-14-02, 02:56 PM
Link to story (http://www.quicken.com/investments/news_center/story/?story=NewsStory/dowJones/20021014/ON200210141212000354.var&column=P0DFP)
Hughes said its third-quarter net loss narrowed from a year earlier as its DirectTV satellite-television services added more subscribers. The company lowered its forecast for the full year.
DirecTV posted a net loss of $13.6 million, compared to a loss of $227.2 million a year earlier. Its not looking good that they admited that their Churn rate was higher than expected as well as their latin american operations are still hurting.
Hughes said its third-quarter net loss narrowed from a year earlier as its DirectTV satellite-television services added more subscribers. The company lowered its forecast for the full year.
DirecTV posted a net loss of $13.6 million, compared to a loss of $227.2 million a year earlier. Its not looking good that they admited that their Churn rate was higher than expected as well as their latin american operations are still hurting.