Sirius plummets 23% on downgrade
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Sirius shares lost almost a quarter of their value Wednesday after an investment bank said the company was probably overvalued.
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NEW YORK (Dow Jones/AP) -- Sirius Satellite Radio Inc. on Wednesday said it posted a wider loss for the third quarter from a year earlier, as higher expenses -- particularly for National Football League programming -- more than offset a surge in revenue.
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Shares of Sirius Satellite Radio Inc. tumbled after two analysts issued downgrades, calling the stock overvalued. Sirius&#39;s stock had nearly tripled in value since October, boosted by the company&#39;s inking a
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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Shock jock Howard Stern announced Wednesday he&#39;s taking his radio show off the public airwaves and over to Sirius satellite radio.
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Sirius Satellite Radio Inc. reported a wider-than-anticipated loss in the third quarter as higher costs related to programming initiatives and customer acquisition offset revenue gains.
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Analyst Jeffrey Wlodarczak says Sirius has undergone an extraordinary transformation in the last few months, from a company teetering toward bankruptcy, to arguably a company that in some respects is on an equal footing with XM Satellite Radio.
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Sirius Satellite Radio Inc. CEO Mel Karmazin sought to allay shareholder concerns at the company's annual meeting Thursday, saying he was just as disappointed as other investors in Sirius' lagging stock price. Compared to rival XM, however, he said: "We suck less."
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XM Satellite Radio Holdings Inc., which last week announced plans to combine with rival Sirius Satellite, on Monday reported a narrower fourth-quarter loss as a larger subscription base led to a 45 percent boost in revenue.
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Sirius Satellite Radio Inc. reported a narrower third-quarter loss Tuesday and recorded a 50 percent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio Holdings Inc.
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Satellite radio meets gravity as Sirius proves mortal.
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Shares of radio station operators sank in Friday trading, saddled by a report raising concerns that future growth could be limited as advertising demand wanes amid fierce competition from personal media players and satellite radio.
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Sirius Satellite Radio Inc.  said on Tuesday its quarterly net loss narrowed as revenue jumped on a sharp increase in subscribers to its fee-based service.
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Is there a future for satellite radio if the XM/Sirius merger gets rejected?
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The deal could be a sign that the satellite radio provider's legal woes surrounding the recording functionality of some of its receivers may be waning.
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Spectrum troubles, defections, and a new CEO? Best to look elsewhere.
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Shares of Sirius Satellite Radio Inc.  fell more than 7 percent on Tuesday after the pay-radio provider cut its fourth- quarter subscriber target, citing disappointing sales over the U.S. Thanksgiving holiday weekend.