FX.co ★ Sirius XM Holdings Inc. Q1 income increases in line with estimates

Sirius XM Holdings Inc. reported an increase in earnings for its first quarter of the year, matching Wall Street's expectations. The media company posted a net income of $265 million, or $0.07 per share, marking an improvement from last year's first quarter figures which stood at $233 million, or $0.06 per share. These figures aligned with the average analyst expectations, which predicted the company would achieve $0.07 per share, as compiled by Thomson Reuters. It should be noted that these estimates usually exclude special or non-recurring items.

Quarterly revenue for Sirius XM also saw a 0.9% boost, rising to $2.16 billion from $2.14 billion in the previous year. In summary, in comparison to last year (GAAP figures), the company's earnings for the first quarter were $265 million compared to $233 million, per-share earnings were $0.07 compared to $0.06, and revenue was $2.16 billion compared to $2.14 billion.

Looking ahead, Sirius XM is providing full-year revenue guidance at $8.75 billion.