Jump to content

Welcome to DBSTalk

Sign In 

Create Account
Welcome to DBSTalk, like most online communities you must register to view or post in our community, but don't worry this is a simple free process that requires minimal information for you to signup. Be a part of DBSTalk by signing in or creating an account.
  • Start new topics and reply to others
  • Subscribe to topics and forums to get email updates
  • Get your own profile page and make new friends
  • Send personal messages to other members.
Guest Message by DevFuse


DirecTV Drives Hughes' Better-Than-Projected 1Q Results

  • This topic is locked This topic is locked
2 replies to this topic

#1 OFFLINE   Steve Mehs

Steve Mehs

    Hall Of Fame

  • Banned User
  • 11,499 posts
Joined: Mar 21, 2002

Posted 15 April 2003 - 02:22 AM

EL SEGUNDO, Calif. -- Hughes Electronics Corp. posted a much narrower first-quarter net loss, largely because of the year-earlier adoption of new accounting rules regarding goodwill amortization.

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.

Friends Don't Let Friends Subscribe To: Verizon Landline, Verizon DSL, Verizon Fios Phone, Verizon Fios Broadband, Verizon Fios TV, Verizon Wireless or Verizion Wireless Mobile Broadband
Keep America Beautiful, Ban Verizon From Your Home!
Down With Verizon!

...Ads Help To Support This SIte...

#2 OFFLINE   AllieVi


    Hall Of Fame

  • Registered
  • 1,530 posts
Joined: Apr 10, 2002

Posted 15 April 2003 - 07:33 AM

No mention is made in the article about the one-time $600 million windfall from E*. Without it, this year's loss would be about the same as last year's...

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!

#3 OFFLINE   Curtis0620


    Hall Of Fame

  • Registered
  • 1,433 posts
Joined: Apr 22, 2002

Posted 15 April 2003 - 07:38 AM

That was in qtr4 of 2002.

spam firewall