NEW YORK (TheStreet) -- Sirius XM Holdings (SIRI) - Get Report shares are gaining by 1.95% to $3.915 on Tuesday after the satellite radio company posted its fiscal 2015 second quarter earnings results before the market opened today.

For the most recent quarter, the company reported earnings of 2 cents per share on revenue of $1.12 billion. In the same quarter the previous year, the company posted earnings of 2 cents per share on revenue of $1.04 billion.

Analysts had expected the company to report earnings of 3 cents per share on revenue of $1.12 billion.

"We are focused on delivering the best, most compelling and most entertaining audio content available," CEO Jim Meyer stated. "The economy continues to get stronger, our execution has never been better, and demand for our differentiated content bundle remains very high."

After posting record second quarter revenue, the company raised its subscriber and revenue guidance for the year. Subscriber guidance was increased to 1.8 million additions from 1.4 million additions, and revenue guidance was lifted to $4.5 billion from $4.47 billion.

Separately, TheStreet Ratings team rates SIRIUS XM HOLDINGS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate SIRIUS XM HOLDINGS INC (SIRI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

You can view the full analysis from the report here: SIRI Ratings Report

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