Loral Revenues Drop, Net Loss Widens

Loral Space & Communications Ltd. [LRLSQ] reported a net loss of $79.6 million for the first quarter of 2004, compared with a net loss of $48.2 million during the same period one year ago. Revenues also dropped, with the company earning $103.7 million in 1Q04, down from $155.4 million in 1Q03.

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