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SIRIUS XM (SIRI) Misses Q2 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 #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

SIRIUS XM HLDGS Price and EPS Surprise | SIRIUS XM HLDGS Quote

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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SIRIUS XM HLDGS (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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