Sirius Satellite Posts Wider Loss on Costs
From Dow Jones/Associated Press
Sirius Satellite Radio Inc. 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.
New York-based Sirius had a loss of $169.4 million, or 14 cents a share, compared with $106.7 million, or 11 cents, a year earlier. Revenue more than quadrupled to $19.1 million from $4.3 million.
Analysts surveyed by Thomson First Call had expected a loss of 12 cents a share.
Shares of Sirius fell 13 cents to $3.89 on Nasdaq.