SiriusXM Caps Year Of Regrouping With Better-Than-Expected Q4 Results

SiriusXM, which has been trimming staff and regrouping in several areas in a bid to reverse subscriber losses, reported better-than-expected results in the fourth quarter. The satellite audio firm posted earnings per share of 83 cents and revenue of $2.19 billion. Both metrics exceeded Wall Street analysts’ consensus forecasts. The results followed reports on Wednesday that the company is laying off about 100 employees, a bit less than 2% of its total workforce. The move comes nearly a year after a previou ...