When Sirius XM Radio (NASDAQ:SIRI) reported earnings 52 days ago on May 04, 2010, analysts, on average, expected the company to report break-even results on sales of $677 million.
The company actually reported EPS of $0.01 on sales of $664 million, beating EPS estimates by $0.01 and missing revenues estimates by $13 million.
Since the company's report, share of Sirius XM Radio have fallen from $1.18 to $1.08, representing a loss of 8.47% in the past 52 days.
SmarTrend is bullish on shares of Sirius XM Radio and our subscribers were alerted to Buy on April 14, 2010 at $1.05. The stock has risen 3.3% since the alert was issued.
