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DirecTV Drives Hughes' Better-Than-Projected 1Q Results
Posted 15 April 2003 - 02:22 AM
Nonetheless, the firm reported better-than-expected results, thanks largely to continued strengthening of its DirecTV business in the U.S.
The satellite-services provider reported a net loss of $50.9 million, compared with a year-earlier net loss of $837.7 million. Hughes doesn't provide per-share figures because it is a tracking stock of General Motors Corp.
The prior year's results included a $681.3 million goodwill write-down and $ 24.9 million losses from discontinued operations.
Keep America Beautiful, Ban Verizon From Your Home!
Down With Verizon!
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Posted 15 April 2003 - 07:33 AM
For good reason, I never criticize someone until I've walked a mile in their shoes. If they don't like what I say, what're they gonna' do? I'm a mile away. And they have no shoes!
Posted 15 April 2003 - 07:38 AM