"While the retail market continues to be an important driver of our growth, the recent softness in this market underscores the validity of XM's automotive-centric strategy," XM said in a statement Tuesday.
Last week, XM said it expected auto partner Honda (HMC Quote) to factory-install 650,000 radios in its 2007 model year vehicles, up from 550,000 in 2006. Sirius shares fell 28 cents to $3.89 and XM was down 28 cents to $14.33 in late afternoon trading Tuesday.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
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|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
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+0.72%
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+0.57%
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+0.88%
|
-0.49%
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Data delayed 20 minutes |
