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Re: TheStreet.com positive on SIRI...wow      5-Nov-09 07:53 am    
So no one else has to click on Street.Com (to give those weasels more money) here is the story:

Sirius XM Tops Earnings, Revenue Targets
By Robert Holmes 11/05/09 - 07:36 AM EST

Stock quotes in this article: SIRI

NEW YORK (TheStreet) -- Sirius XM (SIRI Quote) surprised analysts by breaking even on an adjusted basis in the third quarter, as the company added radio subscribers on a sequential basis.

Sirius XM said it had a net loss of $149.2 million, or 4 cents a share, for the quarter ended Sept. 30, shrinking considerably from a year-ago loss of $4.87 billion, or $1.93 a share. Excluding one-time items, the satellite radio provider broke even on a per-share basis.

Revenue rose 3% from a year ago to $630 million, even as Sirius XM's net subscriber total fell 2% from a year ago to 18.5 million. On the positive side, total subscribers increased by 102,295 from the second quarter.

Analysts expected a loss of two cents a share on revenue of $608.7 million, according to a poll by Thomson Reuters.

Some key metrics for Sirius XM improved from the year ago quarter. Average revenue per subscriber climbed to $10.87 from $10.51, and subscriber acquisition costs fell by 17%.

Meanwhile, costs related to satellite and transmissions, programming and content, customer service and billing, sales and marketing and equipment decreased across the board.

Looking ahead, Sirius XM affirmed its year 2009 guidance of over $400 million in pro forma full-year adjusted income from operations. It also introduced guidance for 2010, projecting a 20% increase in full-year adjusted income from operations as well as positive full-year subscriber growth in 2010.

-- Written by Robert Holmes in New York.


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  Subject Author Rating Time of Post (ET)  
 
wow.. positive headline from the street.com Sirius XM T...
nyrepub2000
Online Now
(1 Rating) 5-Nov-09 07:41 am  
 
no twist in the headline or anything....says it al...
ryanmsnow (1 Rating) 5-Nov-09 07:42 am  
 
goldman must now be on board!
legalshark@... Rate it 5-Nov-09 07:42 am  
 
Exactly, Goldman, Cramer, CNBC will all ...
chopperguy7... (1 Rating) 5-Nov-09 07:51 am  
 
And the byline was our old friend Robert Holmes.
synreco (1 Rating) 5-Nov-09 07:47 am  
 
Yes, he is ONLY good guy at thestreet.com and...
dadams007 (1 Rating) 5-Nov-09 07:51 am  
 
Re: TheStreet.com positive on SIRI...wow
oneverycrea... Not rated 5-Nov-09 07:53 am  
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SIRIUS XM Radio Inc. (SIRI)

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