Investing.com - Sirius XM (NASDAQ:SIRI) reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Sirius XM announced earnings per share of $0.05 on revenue of $1.87B. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $1.88B.
Sirius XM shares are down 17% from the beginning of the year , still down 20.14% from its 52 week high of $7.40 set on February 20. They are under-performing the Nasdaq 100 which is up 22.1% 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 $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on July 24 with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
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