Media
XM Satellite Earnings Less Monitored Than Merger Hopes (XMSR, SIRI)
Published:
XM Satellite Radio just posted earnings of a net loss of $239 million on a 20% rise in revenues to $308 million. The net loss on an EPS basis was -$0.78 EPS, but that included $0.25 for certain merger and settlement related charges. If we back that out we would get a -$0.53 EPS. First Call was looking for -$0.63 EPS on $303.1 million in revenues, so this was a narrower loss on slightly better revenues.
XM Surpassed 9 Million total subscribers in 2007 and XM-equipped new car production rose 64% in 2007. 1.4 million of the total net subscriber adds came in the quarter out of the 3.5 million adds for 2007.
As a reminder, Sirius Satellite Radio (NASDAQ: SIRI) said it would provide guidance "after it secures merger approval" earlier this week.
XMSR shares are up almost 1.5% at $12.62 in early pre-market trading, and the 52-week trading range is $9.62 to $16.44. This one looks like it too is not trading on its earnings. All eyes are looking for merger approval news.
Jon C. Ogg
February 28, 2008
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
