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Satellite Radio -- You Can't Be Sirius?

Stock quotes in this article: SIRI , F , HMC , TM  

NEW YORK (TheStreet) -- Sirius XM Radio(SIRI Quote) finally posted a profit.

Sort of. Its third-quarter net loss was $149 million, or 4 cents a share. Adjusting for non-recurring items, the New York-based satellite-radio broadcaster's loss was $11 million, which amounts to break-even on a per-share basis. Analysts expected a loss of 2 cents a share.

Pro-forma operating profit was $106 million, compared with a loss of $37 million a year earlier. Revenue growth beat analysts' expectations. A total of 102,000 subscribers were added by the end of September. The shares rose in after-market trading. Sirius, which acquired rival XM Satellite Radio in July 2008, appears to be righting its ship. ...

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