Sirius (SIRI) earnings are, of course, secondary to questions about whether its merger with XM Satellite (XMSR) will be approved. The company’s shares are up 20% since its last earnings release and trade at $3.61.
Relatively poor earnings might actually help the merger case. It make both companies look weak and in need of a business combination to stay alive.
Analysts expect revenue to hit $244 million, which would be a 46% improvement over the same quarter last year. EPS expectations are for a loss of $.08 compared to a $.12 loss last year.
A month ago, UBS downgraded the shares from "buy" to "neutral." Don’t look for anything definitive about the merger in the earnings release or on the call.
Douglas A. McIntyre
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