Sirius XM's reports quarterly loss
Sirius XM Radio Inc
The satellite radio company's reported a net loss on Tuesday of $81.4 million or 2 cents per share, versus a profit of $11.8 million or nil per share a year earlier.
Revenue for the quarter was $735.9 million, up from $676.2 million a year before.
It ended the quarter with 20.2 million subscribers, up from 18.8 million a year earlier.
Shares closed at $1.83 on the Nasdaq on Monday.
(Reporting by Liana B. Baker, editing by Gerald E. McCormick)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick