Sirius XM: 2Q Earnings Snapshot
NEW YORK (AP) _ Sirius XM Holdings Inc. (SIRI) on Tuesday reported second-quarter profit of $263 million.
The New York-based company said it had profit of 6 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The satellite radio company posted revenue of $1.98 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.93 billion.
Sirius XM shares have increased almost 8% since the beginning of the year. The stock has declined 13% in the last 12 months.