XM dials losses down 20%

Zeitchik, Steven
April 2007
Daily Variety;4/27/2007, Vol. 295 Issue 19, p20
Trade Publication
The article reports on the financial performance of XM Radio in the first quarter of 2007 in the U.S. The company's stock rose to $11.78 after the company disclosed it had shrunk losses by about 20 percent, to $122 million. Its revenue climbed 27 percent to $264 million in the frame, and earnings report was the company's first since February, when XM accepted a buyout offer from rival firm Sirius.


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