UPDATE: Sirius XM Posts Lower Q4 Profit

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Sirius XM Holdings
SIRI
reported a drop in its fourth-quarter profit. Sirius XM's quarterly profit declined to $65.20 million, or $0.01 per share, versus a year-ago profit of $156.33 million, or $0.02 per share. Its adjusted earnings before interest, tax, depreciation and amortization came in at $1.17 billion. Its revenue climbed to $1.00 billion versus $892.42 million. However, analysts were projecting earnings of $0.02 per share on revenue of $983 million. Sirius XM shares declined 0.28% to $3.54 in pre-market trading.
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Posted In: EarningsNewsprofit
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