Sirius XM announced earnings per share of $0.06 on revenue of $2.03B. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $1.94B.
Sirius XM shares are down 18% from the beginning of the year, still down 20.81% from its 52 week high of $7.40 set on February 20. They are under-performing the Nasdaq which is up 28% from the start of the year.
Sirius XM’s report follows an earnings beat by Verizon on Wednesday, who reported EPS of $1.25 on revenue of $31.5B, compared to forecasts EPS of $1.22 on revenue of $31.59B.
Netflix had missed expectations on Tuesday with third quarter EPS of $1.74 on revenue of $6.44B, compared to forecast for EPS of $2.13 on revenue of $6.39B.
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