Investing.com - Sirius XM reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sirius XM announced earnings per share of $0.08 on revenue of $2.20B. Analysts polled by Investing.com anticipated EPS of $0.0717 on revenue of $2.16B.
Sirius XM shares are down 6% from the beginning of the year , still down 26.78% from its 52 week high of $8.14 set on Wednesday, January 27, 2021. They are under-performing the Nasdaq which is up 18.21% year to date.
Sirius XM follows other major Services sector earnings this month
Sirius XM's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.62 on revenue of $6.56B, compared to forecasts EPS of $1.55 on revenue of $6.52B.
Netflix had beat expectations on Tuesday, October 19, 2021 with third quarter EPS of $3.19 on revenue of $7.48B, compared to forecast for EPS of $2.57 on revenue of $7.48B.
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