SIrius XM Subscriber Numbers Top Street Estimate; Forecast Weak

By Wallace WitkowskiMarketWatch Pulse

Sirius XM Holdings Inc. shares rose fractionally in the extended session Tuesday after the satellite radio company's subscriber numbers topped Wall Street estimates but forecasts fell a bit short. Sirius shares advanced 0.1% to $3.91. The company reported having 29.6 million total subscribers at the end of 2015. Analysts surveyed by FactSet had forecast 29.4 million subscribers. By the end of 2016, Sirius expects a net addition of about 1.4 million subscribers, for a total of 30.8 million subscribers. Analysts expect 31.1 million subscribers by the end of 2016.

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