07:56 AMSirius XM Radio (SIRI): Q3 EPS of $0.00 beats by $0.02. Revenue of $630M (+2.8%) vs. $609M. Ends quarter with 18,515,730 subscribers, +102,295 from Q2. Shares +3.9% premarket. (PR)
Comment!
07:56 AMSirius XM Radio (SIRI): Q2 EPS of -$0.01 in-line. Revenue of $608M (+1.2%) in-line. Says cash operating expenses are 28% lower since the merger. Increases full-year income from operations guidance to $400M from $350M. (PR)
Comment!
08:37 AM
Sirius XM (SIRI) teams up with Volkswagen (VLKAY.PK) to provide three-month trial satellite radio packages to buyers of certified used cars in the U.S. Sirius is hoping the deal will help it develop a much-needed new source of growth.
Comment!
Thursday, May 7, 2009
08:36 AMSirius XM Radio (SIRI): Q1 EPS of -$0.07 misses by $0.05. Revenue of $605M vs. $646M. Sees full-year adjusted income of $350M vs. $300M previously. Churn 2.2% vs. 2.1% and 1.8% for Sirius and XM a year ago. Shares -1% premarket. (PR)
Comment!
15:34 PM
Sirius XM Radio (SIRI) is up 14% to $0.38. No mention of a much-discussed reverse-stock split on its earnings call (transcript), but Mel Karmazin does explain SIRI's sharp Q4 sales decline: "There was so much being written about our company going bankrupt and all of those doom and gloom stories... that had a tremendous impact on the consumer and their interest in buying the product."
Comment!