Sirius: More People Buy Cars and Tune In, Boosting Revenue
Posted on July 09, 2012 at 11:06 AM EDT
Sirius XM (SIRI) updated its revenue and subscriber growth outlook this morning, sending shares about 1% higher in a down market. Sirius said it now expects to add 1.6 million subscribers this year, up from previous expectations for 1.5 million. And it sees revenue rising to $3.4 billion from its prior guidance of $3.3 billion. [...]