DALLAS, Oct. 3, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Sirius XM Radio Inc. (Nasdaq:SIRI). The report details the company's most recent developments and news, outlines its financial position and market performance, and includes an easy-to-read stock chart.
MicroStockProfit.com is the premiere destination for investment information, making your trading decisions easier than ever. Get the run down on how SIRI stacks up against its competitors and check-out the stock's technical data by viewing the free, in-depth report for SIRI at: http://www.microstockprofit.com/lp/SIRI
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In the report, the analyst notes:
"For this year, the Company expects to report a net subscriber addition of about 1.6 million, surpassing its previous guidance of 1.4 million. Its full-year revenue is expected to be approximately $3 billion, while adjusted EBITDA projection remains at about $715 million.
"SIRI posted a net income of $173.32 million, or $0.03 per share, for the second-quarter ended June 30, 2011, up from $15.27 million, or breakeven per share, in the comparable quarter last year. Revenue increased 6% to $744.4 million from $699.8 million in the year-ago quarter, as the Company realized higher subscriber count and higher average monthly churn for the quarter."
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