MENU

National

Saturday, May 04, 2024

Sirius 4Q earnings more than double Satellite

February 05, 2013 11:01 pm • Last Updated: October 31, 2014 9:31 am

Satellite radio company Sirius XM Radio Inc. said Tuesday that its fourth-quarter net income more than doubled, helped by higher revenue from a growing number of paying subscribers.

The company also said it ended 2012 with 2 million more subscribers than at the end of 2011, and provided a revenue estimate for this year that topped Wall Street expectations.

The company earned $156.2 million, or 2 cents per share, in the three months that ended on Dec. 31. That's up from $71.3 million, or 1 cent per share, in the same period a year earlier. Revenue rose 14 percent to $892.4 million from $783.7 million. Analysts, on average, were expecting earnings of 2 cents per share on revenue of $899.7 million, according to a poll by FactSet.

- Associated Press

Comment threads are monitored for 48 hours after publication and then closed.

STORIES THAT MAY INTEREST YOU

Bankers honor Alves

Kate Alves of Groton, an assistant vice president at Chelsea Groton Bank, has been named a 2015 "New Leader in Banking" by The Connecticut Banker's Association. The award, bestowed last month at Moheg...

Court upholds Navy kickbacks term

A federal court of appeals has upheld the sentence of a former civilian Navy employee for orchestrating a long-running $18 million kickback scheme. The 1st U.S. Circuit Court of Appeals upheld the sen...

Harvard Pilgrim names Connecticut VP

Mark A. Jardin has been named Harvard Pilgrim Health Care's vice president for Connecticut. Formerly of Aetna, Jardin held many roles there, including managing director for the Middle East and Africa....

Uncasville student wins bank scholarship

XuJia "Jack" Cao of Uncasville has been selected as the 2014 recipient of the Donald B. Wilbur Scholarship, presented by the Liberty Bank Foundation. The $1,000 scholarship is presented annually to ...