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 #3 (Hold), but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SIRIUS XM earnings of 3 cents per share missed estimates. Our consensus earnings estimate called for EPS of 4 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: SIRIUS XM reported revenues of $1.24 billion. This surpassed our consensus estimate of $1.23 billion.
SIRIUS XM HLDGS Price and EPS Surprise
Key Stats to Note: The company anticipates 1.7 million net new subscriber addition in 2016 while revenue and adjusted EBITDA to be approximately $5 billion and $1.8 billion respectively in 2016. Earlier guidance was of revenue and an adjusted EBITDA to be approximately $4.9 billion and $1.78 billion respectively
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