SIRIUS XM Holdings Inc. (SIRI) is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive line-up of Latin commercial-free music, sports, and talk programming in radio.
Currently, SIRIUS XM has a Zacks Rank #4 (Sell), but that could definitely change following Southwest Airlines’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:SIRIUS XM earnings inline. Our consensus earnings estimate called for EPS of 3 cents per share, and the company reported inline earnings. Investors should note that these figures take out stock option expenses.
Revenue:SIRIUS XM reported revenues of $1,169.7 million. This surpassed our consensus estimate of $1,150 million.
Key Stats to Note:In the reported quarter, SIRIUS XM witnessed 21% year over year rise in net subscriber addition. The company also raised subscriber, revenue and adjusted EBITDA outlook for 2015
Check back later for our full write up on this SIRIUS XM earnings report later!
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