Sirius XM Earnings, Revenue beat in Q1 By Investing.com

Sirius XM (NASDAQ:SIRI) reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Sirius XM announced earnings per share of $0.07 on revenue of $2.06B. Analysts polled by Investing.com anticipated EPS of $0.0619 on revenue of $2B.

Sirius XM shares are up 11% from the beginning of the year and are trading at $6.31 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.31% from the start of the year.

Sirius XM follows other major Services sector earnings this month

Sirius XM’s report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.73B, compared to forecasts EPS of $1.27 on revenue of $5.56B.

Verizon had beat expectations on April 21 with first quarter EPS of $1.31 on revenue of $32.9B, compared to forecast for EPS of $1.29 on revenue of $32.46B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar