Thursday, April 26, 2007

XM Satellite posts smaller quarterly loss

(Reuters) - NEW YORK, April 26 - XM Satellite Radio Holdings Inc. , which plans to merge with rival Sirius Satellite Radio Inc. , on Thursday reported a smaller first-quarter loss as it reaped more revenue from subscriptions, sending its shares up 3.5 percent.

The first-quarter loss attributable to common stockholders narrowed to $122 million, or 40 cents a share, from $149 million, or 60 cents a share, a year earlier.


Read more at Reuters.com Bonds News

No comments: