Report from the company
Sirius XM released a report on Tuesday with fourth-quarter results that beat analysts' estimates. The earnings figure exceeded forecasts.
The company reported earnings per share of $0.08 and revenues of $2.28bln. Analysts had expected earnings per share of $0.0696 and total revenue of $2.24bln.
Sirius XM's share price, down 0% this year, has performed better than the Nasdaq 100 Index overall, dropping 8% since the beginning of the year.
Sirius XM inc. is a broadcasting company headquartered in midtown Manhattan, New York, that provides satellite radio and online radio services in the US. It was founded by Martine Aliana Rothblatt, David Margolese and Robert Briskman in 2008. The company is also owned by Liberty Media Corporation.
Communications Services sectors
Comcast reported fourth-quarter earnings of $0.77 on Thursday, with earnings of $30.34bln, compared with earnings per share estimates of $0.7301 on total earnings of $29.62bln.
Verizon's earnings beat analysts' expectations in January 25 for the fourth quarter, with quarterly earnings per share of $1.31 on total earnings of $34.1bln. Analysts had previously predicted earnings per share of $1.28 on total earnings of $34.06bln.