Sirius XM Canada Q1 profit surges
On average, four analysts polled by Thomson Reuters expected the company to report earnings of C$0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter increased 3.3 percent to C$78.99 million from C$76.44 million in the same quarter last year.
The year-over-year improvement reflects growth in the company's self-paying subscriber base and an increase in Self-Pay ARPU. These were partially offset by a reduction in promotional revenue due to revised terms related to contract renewals with certain OEM partners. ■