DALLAS, Feb. 16, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Sirius XM Radio Inc. (Nasdaq:SIRI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/SIRI
Sirius XM Radio Inc. (SIRI) is a New York-based satellite radio company, broadcasting more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to more than 20 million subscribers in cars, trucks, boats, and aircraft, and through a wide range of mobile devices. It offers an array of content from some of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers. SIRIUS XM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android-powered mobile devices using the SIRIUS XM Premium Online App. The Company has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com. SIRI achieved a record-high subscriber base of 20.2 million for 2010.
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In the report, the analyst notes:
"Shares of the satellite radio company fell after it posted mixed results for the fourth quarter and gave a weak revenue view for 2011. SIRI, negatively impacted by considerable operating expenses and losses from extinguishing debt and credit facilities, posted a net loss of $81.4 million, or 2 cents per share, for the period ended Dec. 31, versus the prior year quarter's net income of $11.8 million, or break-even per share."
"SIRI said subscriptions grew to a record 20.2 million at the end of 2010, representing an 8% growth from the prior year, but it disappointed investors with its 2011 revenue outlook. SIRI expects revenue of about $3 billion, falling shy of analysts' estimates of $3.08 billion."
To read the entire report visit: www.microstockprofit.com/lp/SIRI
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