Traders Fade These 2 Stocks After Digesting Earnings

Sirius XM Radio Inc. (NASDAQ:SIRI) reported its results for the fourth quarter. Reported a profit of $71.3 million (one cent per diluted share) in the quarter. Sirius XM Radio Inc. had a net loss of $81.4 million or a loss 2 cents per share in the year earlier quarter. Revenue rose 6.5% to $783.7 million from the year earlier quarter. Sirius XM Radio Inc. fell in line with the mean analyst estimate of one cent per share. Analysts were expecting revenue of $785.5 million.

“We are proud to announce that SiriusXM delivered another record-setting year in 2011, meeting or exceeding all of our guidance. Our strong content and subscriber focus helped set a post-merger record of 1.7 million net subscriber additions, and we achieved record levels of revenue, adjusted EBITDA and free cash flow. We expanded our adjusted EBITDA margins to 24% by tightly controlling costs and growing our revenue. Our improved profitability, coupled with lower capital expenditures, contributed to a substantial increase in our free cash flow,” noted Mel Karmazin, Chief Executive Officer, SiriusXM.

Competitors to Watch: Westwood One, Inc. (NASDAQ:WWON), Entercom Communications Corp. (NYSE:ETM), Cumulus Media Inc. (NASDAQ:CMLS), Emmis Communications Corp. (NASDAQ:EMMS), Radio One, Inc. (NASDAQ:ROIAK), CBS Corporation (NYSE:CBS), Grupo Radio Centro SAB de CV (NYSE:RC), Salem Communications Corp (NASDAQ:SALM), Saga Communications, Inc. (AMEX:SGA), and Pandora (NYSE:P).

 Melco Crown Entertainment Limited’s (NASDAQ:MPEL) net income missed the mean analyst estimate. Net income for Melco Crown Entertainment Limited rose to $107.5 million (7 cents per share) vs. $16.3 million (one cent per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter. Revenue rose 30.3% to $1.01 billion from the year earlier quarter. Melco Crown Entertainment Limited fell short of the mean analyst estimate of 17 cents per share. It beat the average revenue estimate of $963.6 million.

Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, “I am pleased to report our results for the fourth quarter of 2011, completing a remarkable year for the Company where we delivered full year net revenue and EBITDA growth of 45% and 88%, respectively, demonstrating strong top line growth together with impressive operating leverage. Our strong results in the fourth quarter of 2011 further demonstrate our ability to build on the meaningful improvements made earlier in the year, while at the same time executing on a range of strategically important milestones.”

Competitors to Watch: Melco Crown Entertainment Ltd. (NYSE:MAS), Wynn Resorts, Limited (NASDAQ:WYNN), MGM Resorts International. (NYSE:MGM), Las Vegas Sands Corp. (NYSE:LVS), Century Casinos, Inc. (NASDAQ:CNTY), Ameristar Casinos, Inc. (NASDAQ:ASCA), Asia Entertainment & Resources Ltd. (NASDAQ:AERL) and Pinnacle Entertainment, Inc (NYSE:PNK).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com