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.
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
Keywords: Sirius XM, Earnings Report