Investing.com - Sirius XM (NASDAQ:SIRI) reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Sirius XM announced earnings per share of $0.05 on revenue of $1.87B. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $1.88B.
Sirius XM shares are down 17% from the beginning of the year and are trading at $5.91 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 22.1% from the start of the year.
Sirius XM follows other major Services sector earnings this month
Sirius XM's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on Friday, July 24, 2020 with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar