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NEW YORK (
Sirius XM(SIRI - Get Report) was a gainer in premarket trading on Tuesday after the company beat Wall Street's revenue forecast in its
first quarter results.
The satellite radio giant brought in revenue of $805 million, up from $724 million in the prior year's quarter, and above analysts' estimate of $803.83.
Excluding items, Sirius earned 2 cents a share, compared to a penny a share in the same period last year. Analysts surveyed by Thomson Reuters were expecting earnings of 2 cents.
Sirius, which has shock jock Howard Stern as its highest-profile employee, also reiterated its 2012 revenue guidance on Tuesday, predicting sales of $3.3 billion. Analysts are looking for revenue of $3.359 billion.
Shares of Sirius rose 5 cents, or 2.44%, to $2.31 in premarket trading. The New York-based firm was also the most active
Nasdaq stock on share volume of 11,819,131.
Sourcefire(FIRE) was another winner after reporting strong
first-quarter results after market close on Monday.
Revenue came in at $46.3 million, a 50% hike on the prior year's quarter, and above analysts' forecast of $41.64 million.
Excluding items, Columbia, Md.-based Sourcefire earned 11 cents a share, up from 4 cents a share in the same period last year. Analysts surveyed by Thomson Reuters were looking for earnings of 8 cents a share.
Sourcefire shares climbed $4.91, or 9.63%, to $55.90 before market open.
Social gaming specialist
Zynga(ZNGA - Get Report), however, was down 29 cents, or 3.42%, to $8.05 as the company's recent
first-quarter loss continued to weigh on shares. The San Francisco-based firm was also one of the most active Nasdaq stocks on share volume of 1,364,268.
Groupon(GRPN - Get Report) was up 20 cents, or 1.87%, to $10.91, despite plunging on Monday when the company announced the
departure of two board members.
--Written by James Rogers in New York.
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