Investing.com - Sirius XM (NASDAQ:SIRI) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sirius XM announced earnings per share of $-0.16 on revenue of $2.19B. Analysts polled by Investing.com anticipated EPS of $0.0557 on revenue of $2.06B.
Sirius XM shares are up 4% from the beginning of the year and are trading at $6.26 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 1.52% from the start of the year.
Sirius XM follows other major Services sector earnings this month
Sirius XM's report follows an earnings beat by Alibaba ADR on Tuesday, who reported EPS of $22.03 on revenue of $221.08B, compared to forecasts EPS of $20.59 on revenue of $214.17B.
Visa A had beat expectations on Thursday with first quarter EPS of $1.42 on revenue of $5.69B, compared to forecast for EPS of $1.28 on revenue of $5.52B.
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