NEW YORK (AP) — NEW YORK (AP) — Sirius XM Holdings Inc. (SIRI) on Tuesday reported first-quarter net income of $265 million.
The New York-based company said it had net income of 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The satellite radio company posted revenue of $2.16 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.13 billion.
Sirius XM expects full-year revenue of $8.75 billion.
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