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Sirius (SIRI Quote) missed first-quarter revenue estimates but maintained full-year guidance.
The New York-based satellite radio broadcaster lost $145 million, or a dime a share, for the quarter ended March 31, compared with the year-ago loss of $459 million, or 33 cents a share. Excluding stock-based pay costs, losses narrowed to 8 cents a share from 13 cents a year ago.
Revenue rose 61% from a year ago to $204 million, in line with the company's 61% gain in quarter-end subscribers to 6.58 million.
Analysts surveyed by Thomson Financial were looking for an 11-cent-per-share loss on revenue of $212 million. ...
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