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SIRIUS XM (SIRI) Beats Q3 Earnings Estimates

SIRIUS XM Holdings Inc.SIRI is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive line-up of Latin commercial-free music, sports, and talk programming in radio.

Currently, SIRIUS XM has a Zacks Rank #4 (Sell), which could change following Sirius XM's earnings report which was just released. You can see the complete list of today's Zacks #1(Strong Buy) Rank stocks here .

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: SIRIUS XM earnings of 6 cents per share beat the Zacks Consensus Estimate of 4 cents.

Revenue: SIRIUS XM reported revenues of $1379.6 million, beating our consensus estimate of $1363.8 million.

Sirius XM Holdings Inc. Price and EPS Surprise

Sirius XM Holdings Inc. Price and EPS Surprise | Sirius XM Holdings Inc. Quote

Key Stats to Note: The company anticipates 1.4 million net new subscriber addition in 2017, unchanged from its previous prediction. It expects revenues of approximately $5.4 billion in 2017, slightly higher than its previous expectation of $5.37 billion. Adjusted EBITDA guidance is expected to be around $2.1 billion (previous guidance: $2.05 billion). Free cash flow is expected to be approximately $1.54 billion (previous: $1.5 billion).

Check back later for our full write up on this SIRIUS XMearnings report later!

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Sirius XM Holdings Inc. (SIRI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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