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Sirius XM revenues miss expectations in third quarter

Thursday, 24 Oct 2013 | 7:22 AM ET

Oct 24 (Reuters) - Sirius XM Radio Inc said on Thursday it added 513,000 net subscribers to its service in the third quarter and posted revenue that narrowly missed analysts' estimates.

Third-quarter net income at the satellite radio provider was $62.89 million, or 1 cent per share, compared with $74.5 million, or 1 cent per share, a year ago.

Revenue increased 11 percent to $961.5 million from a year ago. Analysts expected $970.37 million, according to Thomson Reuters I/B/E/S.

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