Satellite radio service Sirius XM Holdings Inc reported a better-than-expected 12 percent rise in revenue as it added more self-paying subscribers - those who stay on after an initial promotional period. Net income fell to $65.2 million, or 1 cent per share, in the fourth quarter ended Dec. 31, from $156.2 million, or 2 cents per share, a year earlier.Revenue increased to $1 billion from $892.4 million.Analysts had expected earnings of 2 cents per share on revenue of $981.9 million, according to Thomson Reuters I/B/E/S.Sirius added 411,484 net self-pay subscribers in the quarter, resulting in a record subscriber base of 21.1 million at the end of the year.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.5% or $-0.54/share to $35.52. In the past year, the shares have traded as low as $29.33 and as high as $38.73. On average, 633366 shares of TRI exchange hands on a given day and today's volume is recorded at 1093269.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.84% or $-0.74/share to $39.44. In the past year, the shares have traded as low as $29.40 and as high as $42.10. On average, 819878 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1073194.
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