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Pompano Beach, FL -- (SBWIRE) -- 02/05/2013 -- On Tuesday Sirius XM Radio Inc (NASDAQ:SIRI) Satellite radio provider reported superior quarterly revenue and sales for the 4Q, as it gained new users.
Net income jumped up to $156.2 million, or 2 cents a share, in the Q4, in contrast with $71.3 million, or 1 cent a share, in 2011 same quarter.
The New York-located firm reported that total revenue jumped up 14 percent to $892.4 million while experts had predicted revenue of $898.65 million, as per reported by Thomson Reuters I/B/E/S.
How Should Investors Trade SIRI Now? Don’t Miss out a Special Trend Analysis
Sirius XM (SIRI) formerly reported that it had included 2 million users last year, carrying its total subscriber base to 23.9 million. Still investors at Sirius Radio (SIRI) were not pleased with its earning figures and were down -0.95% at 10:31 AM EST.
Piper Jaffray reported that Sirius XM stays its leading huge cap idea for 2013 after the firm’s Q4 results. Piper stated that Sirius XM persists on providing robust subs growth. The company holds an Overweight rating on the stock with a price target of $3.40.
At the current trading session, Sirius XM Radio Inc (NASDAQ:SIRI) shares are down -0.94% to $3.14 while the stocks are trading within the range of $3.11 – $3.15. In the past year, the stock has traded within a range of $1.78 – $3.25. Average daily trading volume is 54.73 million shares.
Why Should Investors Buy SIRI After the Recent Fall? Just Go Here and Find Out
If we look at a few other stocks within industry, Pandora Media Inc, Cumulus Media Inc and Radio One, Inc. are in the top volume leaders. Let’s have a quick look on their Market performance.
Pandora Media Inc (NYSE:P) shares are up +2.63% to $11.72 while the stock is trading within the range of $11.43 – $11.75 in the current trading session. In the last 12 months the shares have traded between $7.08 and $15.25. The average daily trading volume is 4.36 million shares.
Will Pandora Media Continue To Move Higher? Find Out Here
Cumulus Media Inc (NASDAQ:CMLS) shares in the current session moved up +0.31% reaching $3.21. The stocks are trading in a range of $3.14– $3.24. In the last year the stock has moved within a range of $2.08 – $3.90. The Company’s average daily trading volume is 384,247 shares.
Why Should Investors Buy CMLS After The Recent Gain? Just Go Here and Find Out
Another rival company, Radio One, Inc. (NASDAQ:ROIAK), is trading down -4.51% to $1.27. Intraday trading recorded the stock price in a range of $1.18 to $1.39. In the previous 52 weeks the stock’s price ranged between $0.68 and $1.41. Their average daily trading volume is 148,426 shares.
Has ROIAK Found The Bottom And Ready To Gain Momentum? Find Out Here
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