Misgivings accompany XM Satellite Q4 report

Posted Feb 26th 2007 3:30PM by Trey Thoelcke
Filed under: Earnings Reports, XM Satellite Radio (XMSR)

XM Satellite Radio Holdings Inc. (NASDAQ:XMSR) released its Q4 and year-end results today and saw a 45% jump in revenue, due in part to reduced marketing costs. That helped narrow its fourth-quarter loss to $263.1 million, or 90 cents per share, compared to $270.4 million, or $1.22 per share, a year ago. Quarterly revenue increased to $257 million, from $177 million a year ago. After a one-time charge, XM lost 70 cents per share, a penny better than the consensus estimate of analysts surveyed by Thomson Financial.

Shares of XMSR were up in early trading, but slipped below $15 in the afternoon.

Despite the news of an XM-Sirius merger, Blogging Stocks readers were pessimistic before the release, 57% of them predicting in a reader poll that XMSR would fall short of analysts' expectations. Only 23% thought it would beat expectations.

Bloggers here aren't much more enthusiastic about the announced merger. Doug McIntyre, Sheldon Lieber, Peter Cohan, and Georges Yared are among those who have recently opined on the subject.

Sirius Satellite Radio Inc. (NASDAQ:SIRI) reports earnings tomorrow.

Tags: mergers, satellite radio, SIRI, Sirius, XM, XMSR

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Reader Comments (Page 1 of 1)

2-27-2007 @ 4:55AM

raj said...

I agree with your article"satellite"Despite the news of an XM-Sirius merger, Blogging Stocks readers were pessimistic before the release, would fall short of analysts' expectations. The satellite which provides some channels from broadcast.So thi is about
satellite