Shini Art

 Washington:  XM Satellite Radio Holdings Inc. says it pointed its fourth-quarter loss as its car maker partners ramped up plant installations of satellite radios.

 (XMSR) the XM Satellite Radio Washington-based says in a statement issued Thursday that it booked a failure of $239 million, or 78 cents per share, evaluate with a loss of $263 million, or 90 cents per share, in the earlier year quarter.

The newest quarter included accuses of 25 cents per share related an authorized settlement and its pending gaining by smaller competitor Sirius Satellite Radio Inc (SIRI).

Excluding those charges, effects beat the average market analyst estimate of a failure of 63 cents per share, according to a Thomson Financial survey.

The company says it include 460,000 net subscribers in the time and finished the year with just over 9 million. That helped boost revenue nearly 20 percent to $307.7 million from $257.1 million; analyst forecast topping of $303.8 million. 

Via : money.cnn.com                                                                           

Thursday, February 28th, 2008 at 11:24 pm.
Filed under Business, Company, Corporations, latest.
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