Sirius XM misses 1Q earnings expectations, matches revenue forecasts

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NEW YORK — Sirius XM Holdings Inc. (SIRI) on Tuesday reported first-quarter net income of $105.7 million.

On a per-share basis, the New York-based company said it had net income of 2 cents.

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

The satellite radio company posted revenue of $1.08 billion in the period, which met Street forecasts.

The company's shares closed at $3.95. A year ago, they were trading at $3.12.

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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

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