Investing.com - Sirius XM (NASDAQ:SIRI) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sirius XM announced earnings per share of $0.06 on revenue of $2.03B. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $1.94B.
Sirius XM shares are down 18% from the beginning of the year and are trading at $5.86 , down-from-52-week-high.They are under-performing the Nasdaq which is up 28% 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 Verizon on Wednesday, who reported EPS of $1.25 on revenue of $31.5B, compared to forecasts EPS of $1.22 on revenue of $31.59B.
Netflix had missed expectations on Tuesday with third quarter EPS of $1.74 on revenue of $6.44B, compared to forecast for EPS of $2.13 on revenue of $6.39B.
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