Sirius XM Q4 Profit Declines - Quick Facts

(RTTNews) - Satellite radio services provider Sirius XM Holdings Inc. (SIRI) Tuesday reported fourth-quarter net income of $65.20 million, lower than $156.24 million in the prior year. Earnings per share were $0.01, compared to $0.02 per share a year ago.

On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

During the quarter, the company recorded loss on extinguishment of debt and credit facilities, net $66.23 million, and loss on change in value of derivatives totaling $20.39 million.

Total revenues for the quarter grew to $1.00 billion from $892.42 million in the same quarter last year. Analysts estimated revenues of $981.92 million for the quarter.

The company also reiterated its 2014 guidance for revenue of over $4 billion, and net subscriber additions of about 1.25 million.