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NEW YORK (
Sirius XM(SIRI - Get Report) shares rose 2.28% to $3.14 before market open despite the company's first-quarter miss.
The Internet radio giant reported revenue of $897 million, up from $805 million in the same period last year, but below Wall Street's estimate of $906 million.
Sirius earned 2 cents a share, flat compared to the prior year's quarter. Analysts surveyed by
Yahoo! Finance were looking for earnings of 3 cents a share.
However, Sirius added 453,000 subscribers in the quarter to reach a record 24.4 million and reiterated its 2013 revenue guidance of over $3.7 billion. The company also announced the appointment of James Meyer as the company's CEO. Meyer had served as interim CEO since December.
The New York-based company was also the most active premarket Nasdaq stock on share volume of 10,382,722.
Nuance Communications(NUAN - Get Report) shares plunged 12.88% to $20.30 on weaker-than-expected fiscal second-quarter results. The
Apple(AAPL) partner reported sales of $451 million, up from $390.3 million in the year-ago quarter. Excluding items, Nuance reported revenue of $484 million. Analysts surveyed by
Yahoo! Finance were looking for revenue of $516.53 million.
Excluding items, the Burlington, Mass.-based firm earned 34 cents a share, down from 43 cents a share in the prior year's quarter, below analysts' prediction of 40 cents.
Nuance was another active pre-market Nasdaq stock on share volume of 913,379.
Shares of semiconductor specialist
Anadigics(ANAD), which reported its first-quarter results before market open, surged 8.63% to $2.14.
Vodafone(VOD) dipped 0.78% to $30.35, while
BlackBerry(BBRY - Get Report) gained 1.92% to reach $15.91.
Google(GOOG), which launched its
Google Now personal assistant for the iPhone and iPad on Monday, crept up 0.07% to $819.6.
--Written by James Rogers in New York.
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