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Sirius XM Holdings Inc. Reveals Drop In Q3 Earnings

Sirius XM Holdings Inc. (SIRI) revealed earnings for third quarter that dropped from the same period last year.

The company's profit came in at $246 million, or $0.05 per share. This compares with $343 million, or $0.07 per share, in last year's third quarter.

Analysts had expected the company to earn $0.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.7% to $2.01 billion from $1.47 billion last year.

Sirius XM Holdings Inc. earnings at a glance:

-Earnings (Q3): $246 Mln. vs. $343 Mln. last year.
-EPS (Q3): $0.05 vs. $0.07 last year.
-Analysts Estimate: $0.06
-Revenue (Q3): $2.01 Bln vs. $1.47 Bln last year.

Full year revenue guidance: $7.85 Bln

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