Sirius XM meets 2Q profit forecasts

Markets Associated Press

Sirius XM Holdings Inc. (SIRI) on Thursday reported second-quarter earnings of $202.1 million.

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The New York-based company said it had profit of 4 cents per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

The satellite radio company posted revenue of $1.35 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.32 billion.

Sirius XM expects full-year revenue of $5.38 billion.

Sirius XM shares have climbed 21 percent since the beginning of the year. The stock has risen 24 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on SIRI at https://www.zacks.com/ap/SIRI

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Keywords: Sirius XM, Earnings Report