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What Sent Sirius XM Shares Soaring Today?

TheMotleyFool

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What Sent Sirius XM Shares Soaring Today?: https://g.foolcdn.com/editorial/images/854690/car-dashboard-stereo.jpg

In the midst of an earnings season that's seemingly delivered more discouraging news than not, satellite radio outfit Sirius XM (NASDAQ: SIRI) is something of a bright spot. As of 11:41 a.m. ET today, its stock is up 10.1% in response to better-than-expected fourth quarter numbers.

Just keep them in the proper perspective.

For the three months ending in December, Sirius XM turned $2.19 billion worth of revenue into adjusted EBITDA of $691 million. Sales and earnings both topped expectations.

Source Fool.com

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