Sirius XM Holdings Inc. Profit Retreats In Q1

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

The company's earnings came in at $224 million, or $0.05 per share. This compares with $268 million, or $0.07 per share, in last year's first 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 5.6% to $2.06 billion from $1.95 billion last year.

Sirius XM Holdings Inc. earnings at a glance:

-Earnings (Q1): $224 Mln. vs. $268 Mln. last year.
-EPS (Q1): $0.05 vs. $0.07 last year.
-Analysts Estimate: $0.06
-Revenue (Q1): $2.06 Bln vs. $1.95 Bln last year.

Full year revenue guidance: $8.35 Bln

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