NEW YORK (AP) — NEW YORK (AP) — Sirius XM Holdings Inc. (SIRI) on Thursday reported second-quarter net income of $205 million.
On a per-share basis, the New York-based company said it had profit of 57 cents.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The satellite radio company posted revenue of $2.14 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $2.13 billion.
Sirius XM expects full-year revenue of $8.5 billion.
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