SIRIUS XM Radio Inc. (NASDAQ:SIRI) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased 118.95% to $156.2 million (2 cents per diluted share) in the quarter versus a net gain of $71.34 million in the year-earlier quarter. Revenue rose 13.86% to $892.4 million from the year-earlier quarter.
SIRIUS XM Radio Inc. reported adjusted net income of 2 cents per share. By that measure, the company met the mean analyst estimate of $0.02. It missed the average revenue estimate of $898.65 million.