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Sirius XM: 1Q Earnings Snapshot

Sirius XM: 1Q Earnings Snapshot

Associated Press

NEW YORK (AP) -- Sirius XM Holdings Inc. on Wednesday reported first quarter earnings of $162 million.

The New York company said it had net income of 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The satellite radio company posted revenue of $1.74 billion in the period.

Sirius XM shares have risen roughly 8% since the beginning of the year. The stock has decreased nearly 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIRI at https://www.zacks.com/ap/SIRI