UPDATE: Sirius XM Posts Rise In Q4 Profit

Sirius XM Radio SIRI reported a strong rise in its fourth-quarter earnings. Sirius XM's quarterly profit surged to $156.2 million, or $0.02 per share, versus $71.3 million, or $0.01 per share, in the year-ago period. Its revenue climbed 14% to $892.4 million, while subscriber revenue jumped 15% to $774.5 million. However, analysts were expecting earnings of $0.02 per share on revenue of $899 million. Its net subscriber additions fell 1.5% y/y to 534,953. Sirius XM shares closed at $3.17 yesterday.