Sirius Satellite's Revenue Falls Just Short

Shares of Sirius Satellite Radio (SIRI Quote) traded lower Tuesday, one day after the company reported first-quarter revenue that came in below Wall Street's expectations.

The New York-based satellite radio operator reported a loss of $104.1 million, or 7 cents a share, in the first quarter, which narrowed from a year-ago loss of $144.7 million, or 10 cents a share. Total revenue rose to $270.4 million, up 33% from the same quarter a year earlier.

Analysts were expecting a loss of 7 cents a share on revenue of $271.5 million, according to Thomson Reuters. The stock was off 4 cents, or 1.4%, at $2.83 a share in Tuesday's premarket session. ...