Sirius, Nuance, Anadigics: Tech Premarket
NEW YORK (TheStreet) -- Sirius XM
The Internet radio giant reported revenue of $897 million, up from $805 million in the same period last year, but below Wall Street's estimate of $906 million.
Sirius earned 2 cents a share, flat compared to the prior year's quarter. Analysts surveyed by Yahoo! Finance were looking for earnings of 3 cents a share.
However, Sirius added 453,000 subscribers in the quarter to reach a record 24.4 million and reiterated its 2013 revenue guidance of over $3.7 billion. The company also announced the appointment of James Meyer as the company's CEO. Meyer had served as interim CEO since December.
The New York-based company was also the most active premarket Nasdaq stock on share volume of 10,382,722.
Excluding items, the Burlington, Mass.-based firm earned 34 cents a share, down from 43 cents a share in the prior year's quarter, below analysts' prediction of 40 cents.
Nuance was another active pre-market Nasdaq stock on share volume of 913,379.
Shares of semiconductor specialist Anadigics
Shares of Google
--Written by James Rogers in New York.
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