Sirius XM Holdings Q3 Sales $2.171B Miss $2.188B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sirius XM Holdings reported Q3 sales of $2.171 billion, missing the estimated $2.188 billion.
October 31, 2024 | 11:02 am
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NEGATIVE IMPACT
Sirius XM Holdings reported Q3 sales of $2.171 billion, which fell short of the $2.188 billion estimate. This earnings miss could negatively impact the stock price in the short term.
The earnings miss indicates that Sirius XM Holdings did not meet market expectations, which often leads to a negative reaction in the stock price as investors adjust their valuations based on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100