logo
Share SHARE
FONT-SIZE Plus   Neg

SIRIUS XM Radio Q1 Profit Rises - Quick Facts

SIRIUS XM Radio Inc. (SIRI) reported that its first-quarter net income was $107.77 million or $0.02 per share, up from $78.12 million or $0.01 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $804.72 million from $723.84 million in the prior year quarter. Eleven analysts had consensus revenue estimate of $803.83 million for the quarter.

Self-pay net subscriber additions improved by 148% to 299,348 and the subscriber base rose to an all-time high of 22.3 million subscribers.

The company now expects to grow its net new subscribers by 1.5 million in 2012. The company reiterated its existing 2012 revenue, adjusted EBITDA and free cash flow guidance. The company expects revenue of approximately $3.3 billion, Adjusted EBITDA of approximately $875 million, and Free cash flow of approximately $700 million.

Thirteen analysts have consensus revenue estimate of $3.36 billion for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cisco Systems Inc. (CSCO), the world's largest computer networking gear maker, is accelerating its ability to deliver on growth opportunities, aggressively driving its cloud business, and delivering continued strength in its deferred product revenue, as we sell more of its portfolio in software and cloud models. In fiscal 2016, the company sees a 25% increase in major new product introductions. Sanofi (SNYNF, SNY) reported that its fourth-quarter net income attributable to equity holders decreased to 334 million euros from 1.34 billion euros, last year. Earnings per share was 0.26 euros compared to 1.02 euros. Earnings per share excluding the held for exchange Animal Health Business was 0.41... Tour operator TUI Group reported narrower EBITA loss in its first quarter with increased turnover, driven by strong performances in Northern Region and Cruises. Further, the company said its current trading for Winter 2015/2016 and Summer 2016 remains in line with its expectations. Looking ahead, TUI reiterated its outlook to deliver underlying EBITA growth of at least 10 percent in fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade SIRI now with 
Follow RTT