Satellite radio provider Sirius XM Holdings Inc reported a better-than-expected 11 percent rise in quarterly revenue as car owners increasingly signed on for subscriptions after their initial free access expired.First-quarter revenue rose to $997.7 million, above the average expectation of $994.6 million from analysts, according to Thomson Reuters I/B/E/S.Buyers of new cars fitted with Sirius receivers typically get free use of the service for a few months but then must pay up to maintain access.Sirius added 173,480 net paying subscribers in the quarter ended March 31, raising the total to 25.8 million.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.81% or $-0.28/share to $34.41. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 840058 shares of TRI exchange hands on a given day and today's volume is recorded at 532137.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.89% or $-0.34/share to $37.92. In the past year, the shares have traded as low as $33.02 and as high as $42.10. On average, 974842 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 662766.
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