UPDATE: Sirium XM Q4 Earnings Beat Views

reported upbeat earnings for the fourth quarter. The New York-based company posted quarterly earnings of $143.1 million, or $0.03 per share, compared to $65.1 million, or $0.01 per share, in the year-ago quarter. Its revenue climbed to $1.09 billion from $1 billion. However, analysts were expecting earnings of $0.02 per share on revenue of $1.08 billion. Adjusted EBITDA climbed 17% to $381 million in the quarter. Net new subscriber additions totaled 576,689 in the quarter, versus estimates of 537,000. In 2014, Sirium XM returned $2.5 billion to stockholders by repurchasing 739 million shares. "As our results demonstrate, SiriusXM had a great year by delivering to subscribers new and exciting music, sports, and talk programming; executing on our growth plan; and driving 36% growth in free cash flow per diluted share, all while investing in the future of the connected car," said Jim Meyer, Chief Executive Officer, SiriusXM. For 2015, Sirium XM affirmed its forecast for revenue of $4.4 billion. Sirium XM shares fell 0.82% to close at $3.61 yesterday.