DALLAS, May 4, 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: http://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.
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In the report, the analyst notes:
"Shares of SIRI set a new 52-week high during Tuesday's trading session when it reached $2.09. Shares were boosted after the satellite radio giant announced its first-quarter financial and operating results.
"SIRI reported first-quarter revenue of $724 million, up 9% compared to the prior year, but missed analysts' expectations of $736 million. Net income came in at $78.1 million, or a penny per share, which was in-line with estimates.
"The Company reported an addition of 373,064 subscribers in the quarter, bringing its total listener base to a new high of 20.6 million. SIRI's net subscriber addition topped Lazard Capital Markets' expectations of 200,000 for the quarter."
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