Sirius XM Radio

Sirius Subs Rise on Strong Auto Sales

John Paczkowski in Media on May 3, 2011 at 7:10 am PT

Sirius XM Radio’s latest quarter turned out to be a decent one for the satellite radio operator. Posting first-quarter financials before market open today, the company reported net income of $78.1 million, or 1 cent per share, up 88 percent from $41.6 million in the same period a year earlier and in line with analyst estimates.

A Loss for Sirius

John Paczkowski in News on February 15, 2011 at 6:30 am PT

So much for that new 52-week high Sirius XM Radio hit on the eve of its fourth-quarter earnings Monday. Shares of the satellite-radio operator slid nearly 8 percent this morning, after it posted an unexpected loss.

A Beat for Sirius, But No Stern Deal–Yet

John Paczkowski in News on November 4, 2010 at 7:05 am PT

Another strong set of financials for Sirius XM Radio. Posting third-quarter earnings this morning, the company reported a profit of 2 cents a share, besting analyst estimates for a break-even quarter.

Sirius Tunes In Subscriber Gains

John Paczkowski in News on July 7, 2010 at 6:24 am PT

Just about this time a year ago, Sirius XM Radio was up a certain creek with nary a paddle in sight. Its shares were trading at around 35 cents, it was hemorrhaging money, and anemic car sales had just led it to post its first-ever decline in net subscriber additions. Which makes the satellite-radio operator’s announcement of a nice spike in subscribership today all the more sweet.

Sirius Posts a Profit

John Paczkowski in News on May 4, 2010 at 5:01 am PT

Sirius XM Radio’s latest quarter turned out to be a decent one for the satellite radio operator. Posting first-quarter earnings this morning, the company reported a profit of $41.6 million, or one cent a share, compared with a year-earlier loss of $52.6 million, or seven cents a share.

Run, Blue Dog, Run: Sirius Avoids Delisting

John Paczkowski in News on April 27, 2010 at 3:11 pm PT

Looks like Sirius XM Radio will not be booted from NASDAQ. As of market close today, the company’s shares have traded above $1 for 10 straight days, putting it back in compliance with NASDAQ’s minimum bid requirement.

Sirius Back Above a Buck

John Paczkowski in News on February 17, 2010 at 10:59 am PT

Sirius XM Radio is a penny stock no more. Shares of the satellite radio company rose above $1 this morning, the first time they crossed that threshold since September 2008. As I write this, Sirius shares are trading at $1.07, up 11.46 percent for the day.

Sirius XM: Cash for Clunker

John Paczkowski in News on August 6, 2009 at 7:19 am PT

This week has been a good one for Sirius XM Radio. The company’s shares spiked, rising about 20 percent to 54 cents on news of the government’s expanded “Cash for Clunkers” program and the positive impact it should have on new car sales and, by extension, new Sirius subscriptions. That analysts had been predicting a second-quarter loss for the satellite radio company, along with the loss of thousands of subscribers, did little to temper enthusiasm.

By the Time SIRI Hits $4.72 Per Share, I’ll Be Dead Anyway

John Paczkowski in News on May 14, 2009 at 7:40 am PT

Sirius CEO Mel Karmazin says his decision to forfeit 30 million company stock options is a generous enhancement to the company’s stock incentive plan, one that will help it “attract, motivate and retain key employees.” An altruistic move were it not for the fact that the options had an exercise price of $4.72 per share and Sirius’s stock is trading at about 35 cents.