NEW YORK (AP) -- Sirius Satellite Radio Inc. on Tuesday reported a narrower loss for its first quarter compared with the same period a year ago, when it recorded $225 million in expenses for stock paid to Howard Stern.
Net loss narrowed to $144.7 million or 10 cents per share versus $458.5 million or 33 cents per share in the same period a year ago, slightly better than the 11 cents per share loss that analysts were expecting.
Excluding the Stern payout and other stock-based compensation, the results came in at 8 cents per share versus 13 cents per share in the year-ago period.
Revenue rose 61 percent to $204 million from $126.7 million, but was below the estimates of $212 million recorded by analysts polled by Thomson Financial
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http://biz.yahoo.com/ap/070501/earns_sirius.html?.v=5
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