Sirius XM matches 2Q profit and revenue expectations

MarketsAssociated Press

Sirius XM Holdings Inc. (SIRI) on Tuesday reported second-quarter profit of $102.8 million.

On a per-share basis, the New York-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs, were 3 cents per share.

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The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share.

The satellite radio company posted revenue of $1.12 billion in the period, also meeting Street forecasts.

Sirius XM expects full-year revenue of $4.5 billion.

The company's shares closed at $3.84. A year ago, they were trading at $3.44.

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

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Keywords: Sirius XM, Earnings Report