Sirius XM Adds Subscribers; Expects A Better 2010

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Sirius XM Radio (NSDQ: SIRI), which has taken a hit over the last year due to the fall in car sales, has a bullish outlook for 2010. In reporting its earnings Thursday, the satellite radio company said it expected its revenue to grow in the “mid- to high-single digits” next year and to also see full-year subscriber growth. In a statement, CEO Mel Karmazin said the company expected to see growth in subscribers and revenue “regardless of the magnitude of any recovery.”3Q 20083Q 2009Estimate EPS $-1.93 $-0.04 $-0.02 Net Income $-217M $-181M Revenue $612.78M $630M $608.71M
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Sirius XM Radio (NSDQ: SIRI), which has taken a hit over the last year due to the fall in car sales, has a bullish outlook for 2010. In reporting its earnings Thursday, the satellite radio company said it expected its revenue to grow in the “mid- to high-single digits” next year and to also see full-year subscriber growth. In a statement, CEO Mel Karmazin said the company expected to see growth in subscribers and revenue “regardless of the magnitude of any recovery.” 3Q 2008 3Q 2009 Estimate EPS $-1.93 $-0.04 $-0.02 Net Income $-217M $-181M Revenue $612.78M $630M $608.71M
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