Sirius XM Radio reports EPS in-line, revs in-line; reaffirms FY17 guidance; acquires Automatic Labs:
- Reports Q1 (Mar) earnings of $0.04 per share, in-line with the Capital IQ Consensus of $0.04; revenues rose 7.7% year/year to $1.29 bln vs the $1.29 bln Capital IQ Consensus.
- The co also announced the acquisition of Automatic Labs Inc. (Automatic), a San Francisco-based provider of connected vehicle services for consumers and enterprises.
- Co reaffirms guidance for FY17, sees FY17 revs of $5.3 bln vs. $5.36 bln Capital IQ Consensus Estimate; Sees self-pay net subscriber additions of approximately 1.3 million, sees Adjusted EBITDA of approximately $2.025 billion, and Free cash flow of approximately $1.5 billion
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