Sirius XM: 4Q Earnings Snapshot
NEW YORK (AP) — Sirius XM Holdings Inc. (SIRI) on Wednesday reported fourth-quarter net income of $251.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 6 cents.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 6 cents per share.
The satellite radio company posted revenue of $1.5 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $1.48 billion.
Sirius XM expects full-year revenue of $6.1 billion.
Sirius XM shares have risen 0.5 percent since the beginning of the year. The stock has dropped 4 percent in the last 12 months.