Wednesday, November 08, 2006

MSNBC-Motley Fool: Comments On Sirius Earnings

Sirius Improvement
Sirius slows the bleeding as it grows.
By Rick Aristotle Munarriz, Motley Fool, Updated: 10:47 a.m. ET Nov 8, 2006

Heady growth while keeping costs in check? Are we really talking about Sirius(Nasdaq: SIRI)? We are. The country's fastest-growing satellite radio service produced third-quarter results that found the top line soaring 150% higher to $167 million as subscriber acquisition costs and overall deficit narrowed.
Losing $163 million for the period isn't pretty, but it's better than the $180 million the company posted as a loss for the third quarter in 2005. Most notably, investors will remember this as the first quarter in the company's history in which total revenue was greater than the amount of its net loss. It's about time! It's also about to get even better. ..read more: here