Sirius Xm Forecasts Accelerating Sub Growth As Q1 Results Match Expectations

Shares are up slightly in pre-market trading as the improving economy, and especially auto sales, enabled the satellite radio company to project that it will gain 1.5M subscribers in 2012 — up from its previous estimate of 1.3M. The forecast was part of Sirius XM’s Q1 report that showed net income of $107.8M, up nearly 38% vs the same period last year, on revenues of $804.7M, up 11%.

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    The forecast was part of Sirius XM’s Q1 report that showed net income of $107.8M, up nearly 38% vs the same period last year, on revenues of $804.7M, up 11%. The revenue figure was slightly ahead of the $803.8M the Street expected. Earnings of 2 cents a ...
    04/30/2012 - 5:23 pm | View Link
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