NEW YORK (
(SIRI - Get Report) was one of several stocks poised to move on above-average volume Tuesday after the satellite radio company said it swung to a profit in the first quarter.
Sirius XM said it had an adjusted profit of a penny a share, compared to the Thomson Reuters average estimate for a break-even quarter. Revenue was up from a year ago to $670.6 million, although that fell short of the $671.3 million consensus. The average revenue per subscriber rose to $11.48, while subscriber acquisition costs per subscriber fell to $59.
Sirius XM reaffirmed its full-year guidance, saying it expects revenue of over $2.7 billion, more than 500,000 net subscriber additions and positive free cash flow.
Sirius XM shares were higher by a penny, or 0.8%, to $1.24 in the premarket session. The 50-day average daily volume for Sirius XM is 158 million, according to the
was set to plummet after the company said late Monday that it has been seized by the Federal Deposit Insurance Corp. and will liquidate or file for bankruptcy. The Nasdaq said it will delist the company's stock on May 12.
last traded at $3.57 before the stock was halted Monday. The 50-day average daily volume for Frontier Financial is 1.08 million.
jumped by 26 cents, or 14.5%, to $2.05 in the premarket session even after the wireless solutions company posted a first-quarter loss of 5 cents a share, surprising analysts who expected Powerwave to break even in the quarter. Revenue of $114.5 million was below the $134.3 million consensus.
shares were upgraded to buy from neutral at Merriman Curhan Ford, which noted that the company's outlook is improving. The 50-day average daily volume for Powerwave is 1.08 million.
(BZH - Get Report)
was poised to trade lower Tuesday even after the homebuilder swung to a second-quarter adjusted profit of 10 cents a share, compared to estimates Beazer would lose 62 cents a share in the quarter.
shares fell nearly 4% in late trading Monday to $6.61. The three-month average daily volume for Beazer is 3.24 million, according to Yahoo! Finance.
-- Written by Robert Holmes in Boston
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