Sirius XM Earnings Miss, Revenue Inline In Q2
2022.07.28 17:06
Sirius XM Earnings Miss, Revenue Inline In Q2
Investing.com – Sirius XM (NASDAQ:SIRI) reported on Thursday second quarter earnings that missed analysts’ forecasts and revenue that was inline with expectations.
Sirius XM announced earnings per share of $0.07 on revenue of $2.25B. Analysts polled by Investing.com anticipated EPS of $0.0795 on revenue of $2.25B.
Sirius XM shares are up 1% from the beginning of the year, still down 6.40% from its 52 week high of $6.88 set on February 8. They are outperforming the Nasdaq 100 which is down 22.79% from the start of the year.
Sirius XM shares lost 1.24% in pre-market trade following the report.
Sirius XM follows other major Communication Services sector earnings this month
Sirius XM’s report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.28 on revenue of $70.04B.
Meta Platforms had missed expectations on Wednesday with second quarter EPS of $2.46 on revenue of $28.82B, compared to forecast for EPS of $2.56 on revenue of $28.94B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
