Hughes earnings fall 4.7% in third quarter
Hughes Electronics Corp. said earnings dropped 4.7% to $240.2 million in its 1997 third quarter even as sales grew to $4.1 billion, due mainly to DirecTV subscriber growth and the PanAmSat merger. In the 1996 third quarter, Hughes earned $252 million on sales of $3.8 billion. Hughes attributed the...
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