NEW YORK (AP) — NEW YORK (AP) — Sirius XM Holdings Inc. (SIRI) on Thursday reported fourth-quarter profit of $287 million.
On a per-share basis, the New York-based company said it had net income of 83 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The satellite radio company posted revenue of $2.19 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $2.17 billion.
Sirius XM expects full-year revenue of $8.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIRI at https://www.zacks.com/ap/SIRI
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