Sirius Shares Continue October Rally Following Q3 Results, Guidance

Sirius XM Holdings Inc. SIRI shares continued to rally following the third quarter results and outlook.

• Reports EPS of $0.04, in line with estimates.
• Delivers revenue of $1.277 billion, in line with predictions.
• Full year revenue to be about $5 billion.
• Adjusted EBITDA of about $1.85 billion.
• Free cash flow of about $1.5 billion.
• Increases share repurchase authorization by $2 billion.

Sirius XM CEO, Jim Meyer, commented, "In recent months, we've strengthened areas where we are leaders, such as country music, added new talent in talk programming, and held special, one-of-a kind live music events for subscribers and listeners nationwide, all content you can only find at SiriusXM."

The stock gained 1.89 percent to $4.32 percent in the pre-market session. This takes October gain to about 3.6 percent.