NEW YORK, Nov 5 (Reuters) - Sirius XM (SIRI.O) posted a smaller quarterly loss, helped by rate increases and the success of premium programming on its pay-radio service, and expects to see subscribers and revenue growth in 2010.
Sirius's third-quarter net loss was $149 million or 4 cents a share, from a loss of $4.88 billion, or $1.93 a share, a year earlier. The 2008 loss included a large charge related to goodwill.
Analysts were looking for a loss of share of 2 cents for the quarter, according to Thomson Reuters I/B/E/S.
Revenue rose 3 percent to $629.6 million, beating Wall Street average expectations of $608.7 million.
Sirius's third-quarter net loss was $149 million or 4 cents a share, from a loss of $4.88 billion, or $1.93 a share, a year earlier. The 2008 loss included a large charge related to goodwill.
Analysts were looking for a loss of share of 2 cents for the quarter, according to Thomson Reuters I/B/E/S.
Revenue rose 3 percent to $629.6 million, beating Wall Street average expectations of $608.7 million.
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