Why SiriusXM Radio Stock Was Falling Today
Sirius XM(SIRI) The Motley Fool·2024-05-01 01:05
Shares of the satellite radio operator pulled back on a middling earnings report.Shares of SiriusXM Radio (SIRI -7.26%) were pulling back today, after the satellite radio provider posted middling results in its first-quarter earnings report. Though it topped revenue estimates, full-year guidance was below expectations, and underlying growth remained weak.As a result, the stock was down 4.9% as of 12:27 p.m. ET. Sirius struggles to growSirius continued to lose self-pay subscribers, falling 359,000 to 33 mill ...