Sirius XM meets 2Q profit forecasts

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

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.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on SIRI at


Keywords: Sirius XM, Earnings Report